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5255 Skidaway Drive Johns Creek, GA 30022

3 Beds 3 Baths 2,902 sqft Built 1985

$419,500

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $144.56
  • 2 Days on Market
  • MLS # : 6806009
  • Updated Date : 11/07/2020 at 12:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,902 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Great neighborhood with top rated schools. Calm and peaceful subdivision though convenientely located near malls (North Point Mall, Avalon & the Forum), supermarkets, restaurants and entertainment. Oversized master bedroom with stunning bathroom, walk-in closet and fireplace. Hardwood floors throughout the entire house. Nice easy to mantain fenced backyard with pool. Open floor plan updated kitchen with granite countertops breakfast bar to family room with fireplace and wet bar, great for entertainment. Space for Office (Loft) Houses on this area are selling fast!

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: Cameron Forest

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: Cameron Forest

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
State Bridge Crossing Elementary School Primary Regular 825 47 7
Taylor Road Middle School Middle Regular 1,043 74 8
Chattahoochee High School High Regular 1,879 102 9

State Bridge Crossing Elementary School

  • Education Level: Primary
  • # of students: 825
  • # of teachers: 47
7
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
 

$377,550$461,450$419,500

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,548
Property Tax -$383
Property Insurance -$83
HOA -$69
Property Management Fees -$119
CASH FLOW
$89

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.

$419,500

PROJECTED PRICE

$2,290

PROJECTED RENT

0.55%

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$1.2M

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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,918

INVESTMENT

$116,918

Down Payment
$104,875
Rehab Estimate
$5,750
Closing Costs
$6,293

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,548

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,875
Loan Amount $314,625
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$32,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,372

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,2904$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 5255 Skidaway Drive Johns Creek, GA 3
    • 3 beds 3 baths ∙ 2,902 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,902 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.79
    •  
  • 10550 Wren Ridge Road Johns Creek, GA 1
    • 4 beds 4 baths ∙ 2,656 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,656 Sqft ∙ Built 1989
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 340 Medridge Drive Johns Creek, GA 2
    • 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 1995
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 5190 Forest Run Trace Johns Creek, GA 4
    • 4 beds 4 baths ∙ 3,063 Sqft ∙ Built 1987 4 beds 4 baths ∙ 3,063 Sqft ∙ Built 1987
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 11015 Donamere Drive Alpharetta, GA 5
    • 4 beds 4 baths ∙ 2,737 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,737 Sqft ∙ Built 1993
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Jose Luis Pedragosa
1.404.245.3944
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806009
Last Updated: 11/07/2020
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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