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505 Tollwood Drive Roswell, GA 30075

4 Beds 3 Baths 1,992 sqft Built 1980

$399,900

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $200.75
  • 6 Days on Market
  • MLS # : 6841289
  • Updated Date : 02/19/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,992 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful and updated two story home in a highly desirable location of historic Roswell! Situated on a quiet corner lot providing lots of privacy, this home boasts four well-sized bedrooms & two full baths on the upper floor. The main level has additional bonus room that could be used as an office or playroom, as well as a half bath. The main level has separate dining room and spacious family room with a fireplace. An updated kitchen/breakfast nook lead out to a private covered deck overlooking the large, wooded, fully fenced in backyard with mature trees.

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30075

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k409k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30075

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9732575

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Roswell North Elementary School Primary Regular 1,020 65 7
Crabapple Middle School Middle Regular 950 69 7
Roswell High School High Regular 2,078 129 8

Roswell North Elementary School

  • Education Level: Primary
  • # of students: 1,020
  • # of teachers: 65
7
GreatSchools Rating

Crabapple Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 69
7
GreatSchools Rating

Roswell High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 129
8
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,389
Property Tax -$342
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$255

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$399,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$43,548

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,170

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,351

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0253$2,1704$2,2005$2,500
$2,500
RENT COMPS ANALYSIS
  • 505 Tollwood Drive Roswell, GA 3
    • 4 beds 3 baths ∙ 1,992 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,992 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.09
    •  
  • 180 Thompson Place Roswell, GA 1
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1966
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.10
    •  
  • 555 Ramsdale Drive Roswell, GA 2
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1980
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $1.23
    •  
  • 240 Corinth Court Roswell, GA 4
    • 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 1968
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 155 Moonshadow Court Roswell, GA 5
    • 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1976
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.26
    •  
PROPERTY LISTING DETAILS
Amber Shaw
1.470.345.1471
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6841289
Last Updated: 02/19/2021
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. Copyright (c) 2021 First Multiple Listing Service, Inc.

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