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5075 N Bridges Drive Alpharetta, GA 30022

5 Beds 4 Baths 2,172 sqft Built 1987

$315,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $145.03
  • 4 Days on Market
  • MLS # : 6814209
  • Updated Date : 12/04/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,172 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Beautifully renovated home in the highly sought after North Bridges community. Enjoy the freshly painted interior & exterior with modern colors and great curb appeal. Home features new flooring, fully renovated kitchen with quartz countertops & stainless steel appliances. Brand new deck area overlooks the peaceful, perfect to relax, or entertain guests. New Roof. Bathrooms upgrade. Barn door in Laundry. Basement completely finished and fully renovated. Conveniently located minutes from States Bridge Rd, local restaurants & shopping, and GREAT schools!

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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)

PRICE & RENT TRENDS

Neighborhood: North Bridges

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: North Bridges

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732646

* 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
Abbotts Hill Elementary School Primary Regular 723 44 8
Taylor Road Middle School Middle Regular 1,043 74 8
Chattahoochee High School High Regular 1,879 102 9

Abbotts Hill Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 44
8
GreatSchools Rating

Taylor Road Middle School

  • Education Level: Middle
  • # of students: 1,043
  • # of teachers: 74
8
GreatSchools Rating

Chattahoochee High School

  • Education Level: High
  • # of students: 1,879
  • # of teachers: 102
9
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,162
Property Tax -$287
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$202

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.

$315,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.4%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$39,957

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,966

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8403$1,8504$1,9505$2,250
$2,250
RENT COMPS ANALYSIS
  • 5075 N Bridges Drive Alpharetta, GA 2
    • 5 beds 4 baths ∙ 2,172 Sqft ∙ Built 1987 5 beds 4 baths ∙ 2,172 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.85
    •  
  • 690 Kimball Parc Way Alpharetta, GA 1
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1999
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 10750 Mortons Circle Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 1988
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 200 Scotch Pine Court Alpharetta, GA 4
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1989
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
  • 310 Tanners Crossing Alpharetta, GA 5
    • 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,218 Sqft ∙ Built 1989
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.01
    •  
PROPERTY LISTING DETAILS
Lilibeth Moron
1.407.486.5307
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6814209
Last Updated: 12/04/2020
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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