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540 Pearl Cove Court Sandy Springs, GA 30350

3 Beds 4 Baths 2,713 sqft Built 1999

$419,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $154.44
  • 3 Days on Market
  • MLS # : 6842455
  • Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,713 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Rare find in Sandy Springs, this handsome 3-sides brick traditional is in an enclave of homes and sited in the center of cul-de-sac! 2-story Foyer opens to separate light-filled dining room. Fireside family room has built-ins, wall of windows, and opens on to expansive deck. Kitchen has white cabinets, pantry and center island with separate breakfast area. Laundry room is adjacent to kitchen. Upstairs has large Owner's Suite with double trey ceiling, and adjoining bath has separate vanities, shower, and soaking tub. Two additional bedrooms with separate vanities and

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

Neighborhood: Sandy Springs

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k519k

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

Neighborhood: Sandy Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733395

* 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
Ison Springs Elementary School Primary Regular 788 52 5
Sandy Springs Charter School Middle Charter 920 69 5
North Springs High School High Charter 1,653 97 7

Ison Springs Elementary School

  • Education Level: Primary
  • # of students: 788
  • # of teachers: 52
5
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
 

$377,100$460,900$419,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,455
Property Tax -$387
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$409

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.

$419,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 1.1%
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$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

9.92

YEARS SAVED

$60,877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,496

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,800
$2,800
RENT COMPS ANALYSIS
  • 540 Pearl Cove Court Sandy Springs, GA 1
    • 3 beds 4 baths ∙ 2,713 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,713 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.90
    •  
  • 1268 Mill Glen Drive Dunwoody, GA 2
    • 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2001
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Fran F Shivers
1.404.403.5555
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6842455
Last Updated: 02/20/2021
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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