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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $192.53
- 1 Days on Market
- MLS # : 6840280
- Updated Date : 02/14/2021 at 00:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,766 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Move in ready home in a fantastic Roswell location! Come see this four bedroom split level home with plenty of living space to spread out. Two large living areas on main level, separate dining room, and eat in kitchen. Half bath on main. Updated granite countertops in kitchen and bathrooms. Large master suite with walk in closet. Whirlpool tub and frameless shower in the master en-suite. Private, fully fenced backyard. Fresh paint and new carpet. Easy access to 400. Enjoy shopping and dining at nearby Avalon, Northpoint mall, Canton Street or downtown Alpharetta.
SEE MORE
- 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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 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)
PRICE & RENT TRENDS
Neighborhood: Britton Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Britton Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$347 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$11
|
||
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.
$340,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,850
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
5.08
YEARS SAVED
$17,460
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,828
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
545 Ansley Drive Roswell, GA 1
- 4 beds 3 baths ∙ 1,766 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,766 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,720
- $0.97
-
180 Ansley Court Roswell, GA 2
- 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1980
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,775
- $0.99
-
140 Crabtree Drive Roswell, GA 3
- 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1983
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,800
- $1.08
-
10050 Lake Forest Way Roswell, GA 4
- 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1980
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,850
- $0.95
-
625 Ridgemont Drive Roswell, GA 5
- 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1981
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.12
PROPERTY LISTING DETAILS
1.404.433.7931
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6840280
Last Updated: 02/14/2021
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.
