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5070 Pattingham Drive Roswell, GA 30075

3 Beds 3 Baths 1,895 sqft Built 1994

$350,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $184.70
  • 3 Days on Market
  • MLS # : 6815199
  • Updated Date : 12/05/2020 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,895 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

The one you've been waiting for in Roswell! Beautifully RENOVATED Open Concept home with FarmHouse finishes. Move-in ready for today's most discerning buyer. NEW double-pane windows throughout! Kitchen renovation complete with contemporary grey cabinetry, stainless steel appliances, & a gas stove. New flooring throughout. Updated master bathroom with double vanity and huge walk-in closet. New HVAC (2018). Flat fenced-in private backyard can be enjoyed from the screened porch. Moving in will be a breeze. Convenient location to Downtown Roswell & GA-400!

SEE MORE

MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Camden Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Neighborhood: Camden Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732417

* 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
Vickery Mill Elementary School Primary Regular NA
Elkins Pointe Middle School Middle Regular 1,125 88 6
Roswell High School High Regular 2,078 129 8

Vickery Mill Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Elkins Pointe Middle School

  • Education Level: Middle
  • # of students: 1,125
  • # of teachers: 88
6
GreatSchools Rating

Roswell High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,291
Property Tax -$277
Property Insurance -$64
HOA -$22
Property Management Fees -$119
CASH FLOW
$38

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.

$350,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$25,346

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,843

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8004$1,8105$1,895
$1,895
RENT COMPS ANALYSIS
  • 5070 Pattingham Drive Roswell, GA 4
    • 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.96
    •  
  • 10550 Worthington Hills Manor Roswell, GA 1
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1979
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.09
    •  
  • 1075 Worthington Hills Drive Roswell, GA 2
    • 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1978
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 1120 Worthington Hills Drive Roswell, GA 3
    • 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1978
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
  • 280 Leasingworth Way Roswell, GA 5
    • 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 1995
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jordan Brown
1.912.663.3686
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815199
Last Updated: 12/05/2020
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. © 2017 First Multiple Listing Service, Inc.

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