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52 Brandon Ridge Drive Atlanta, GA 30328

3 Beds 3 Baths 2,167 sqft Built 1967

$485,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $223.81
  • 6 Days on Market
  • MLS # : 6799590
  • Updated Date : 10/30/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,167 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Experience spectacular one level living in this move-in ready, delightful Chatham-built 4-side brick ranch home in popular Brandon Mill Woods in heart of Sandy Springs. Functional floorplan features hardwoods throughout, 3 bedrooms/2.5 baths, and lots of natural light. Beautifully finished, completely renovated chef's kitchen boasts custom cabinetry, quartz counters, SS appliances and breakfast peninsula. Fabulous owner's suite includes spa/granite bath. Dual living areas include formal living room and fireside family room that could easily convert to home office.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k336k

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

Neighborhood: North Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9732546

* 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
Spalding Drive Charter Elementary School Primary Charter 472 31 7
Sandy Springs Charter School Middle Charter 920 69 5
North Springs High School High Charter 1,653 97 7

Spalding Drive Charter Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 31
7
GreatSchools Rating

Sandy Springs Charter School

  • Education Level: Middle
  • # of students: 920
  • # of teachers: 69
5
GreatSchools Rating

North Springs High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 97
7
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,789
Property Tax -$448
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$75

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.

$485,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 4.8%
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$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$36,836

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,629

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,5004$3,000
$3,000
RENT COMPS ANALYSIS
  • 52 Brandon Ridge Drive Atlanta, GA 3
    • 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 1967 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.15
    •  
  • 415 Amberidge Trail Sandy Springs, GA 1
    • 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 1960
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
  • 645 Pauley Place Sandy Springs, GA 2
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1955
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.22
    •  
  • 6758 Brandon Mill Road Sandy Springs, GA 4
    • 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 1957
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Jill Gadebusch
1.404.819.8197
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6799590
Last Updated: 10/30/2020
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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