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5480 Bridge Pointe Drive Alpharetta, GA 30005

3 Beds 3 Baths 1,924 sqft Built 1986

$309,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $161.07
  • 5 Days on Market
  • MLS # : 6805772
  • Updated Date : 11/14/2020 at 10:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,924 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Gorgeous & well-maintained home in sought after community! Have it all with chef’s kitchen, copper farmhouse sink, upgraded backsplash, soft close drawers, wood flooring throughout, recently painted inside and out, spa-like master bath, frameless shower with designer tile, newer HVAC, relaxing private backyard w/ deck & much more! Hard to beat location with easy access to GA 400, Avalon, shopping / dining and award-winning schools!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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: Bridge Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: Bridge Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9032646

* 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
New Prospect Elementary School Primary Regular 496 40 8
Webb Bridge Middle School Middle Regular 1,391 92 9
Alpharetta High School High Regular 2,061 123 9

New Prospect Elementary School

  • Education Level: Primary
  • # of students: 496
  • # of teachers: 40
8
GreatSchools Rating

Webb Bridge Middle School

  • Education Level: Middle
  • # of students: 1,391
  • # of teachers: 92
9
GreatSchools Rating

Alpharetta High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 123
9
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,143
Property Tax -$245
Property Insurance -$64
HOA -$54
Property Management Fees -$119
CASH FLOW
-$16

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.

$309,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$17,506

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,794

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,7503$1,8454$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 5480 Bridge Pointe Drive Alpharetta, GA 1
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.84
    •  
  • 11205 Amy Frances Lane Alpharetta, GA 2
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1988
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 365 Wittenridge Court Alpharetta, GA 3
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1999
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.00
    •  
  • 5527 Bridge Pointe Drive Alpharetta, GA 4
    • 3 beds 3 baths ∙ 2,229 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,229 Sqft ∙ Built 1987
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 11365 Brookhollow Trail Alpharetta, GA 5
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1992
    property image
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Krista Keeney
1.404.934.3011
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805772
Last Updated: 11/14/2020
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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