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5400 Roswell Road #A4 Sandy Springs, GA 30342

2 Beds 2 Baths 1,404 sqft Built 1966

$234,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $167.31
  • 5 Days on Market
  • MLS # : 6802694
  • Updated Date : 10/31/2020 at 08:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,404 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

Fantastic 2 bedrooms, 1 and 1/2 bathrooms townhouse style, in the Sandy Springs location & inside the Perimeter of I-285 & 400! Enjoy entertaining in your large living area with view to the kitchen (open concept), Gas log burning fireplace and dining area. Large washer/dryer room with storage space. Seller will have Two new HVACS installed. It also features a large kitchen with a ton of counter space that has the capability to design to your desire and style. Hardwood on the main floor, large pantry additional storage under the stairs and a separate storage unit in

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: Round Hill Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $68k519k

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

Neighborhood: Round Hill Condominiums

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $9733915

* 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
Lake Forest Elementary School Primary Regular 981 80 4
Ridgeview Charter School Middle Charter 1,107 82 6
Riverwood High School High Charter 1,551 94 6

Lake Forest Elementary School

  • Education Level: Primary
  • # of students: 981
  • # of teachers: 80
4
GreatSchools Rating

Ridgeview Charter School

  • Education Level: Middle
  • # of students: 1,107
  • # of teachers: 82
6
GreatSchools Rating

Riverwood High School

  • Education Level: High
  • # of students: 1,551
  • # of teachers: 94
6
GreatSchools Rating
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$867
Property Tax -$217
Property Insurance -$54
HOA -$376
Property Management Fees -$119
CASH FLOW
$107

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.

$234,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 3.9%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$18,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,562

    COMP ESTIMATED VALUE
  • $1.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8003$2,300
$2,300
RENT COMPS ANALYSIS
  • 5400 Roswell Road Sandy Springs, GA 1
    • 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1966 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.24
    •  
  • 58 Spruell Springs Road Atlanta, GA 2
    • 2 beds 1 baths ∙ 1,211 Sqft ∙ Built 1955 2 beds 1 baths ∙ 1,211 Sqft ∙ Built 1955
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.49
    •  
  • 109 Spruell Springs Road Atlanta, GA 3
    • 2 beds 2 baths ∙ 1,064 Sqft ∙ Built 1957 2 beds 2 baths ∙ 1,064 Sqft ∙ Built 1957
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $2.16
    •  
PROPERTY LISTING DETAILS
Nicholas Farr
1.404.643.4075
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802694
Last Updated: 10/31/2020
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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