Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

555 Sessingham Court Johns Creek, GA 30005

4 Beds 3 Baths 2,400 sqft Built 1996

$435,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $181.25
  • 3 Days on Market
  • MLS # : 6844609
  • Updated Date : 02/26/2021 at 20:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,400 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

LOCATION...w/ MANY MANY UPGRADES ... 4 BED/2.5 BATHs ...Buy In Sought After, SWIM/TENNIS/SOCIABLE COMMUNITY!! TOP JOHNS CREEK SCHOOLS! The house has been recently renovated to LIKE NEW condition: painted inside and cleaned outside, new light fixtures, new LED energy bulbs. Newly installed all TWENTY-SIX Energy Green windows (Feb/2021) with LOW E glasses and PVC frames with anti theft /easy clean features. The windows come with written Lifetime warranty for breaking glass and labor by American Best Choice company which can be transferred to new owners.

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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Wellington

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k477k

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

Neighborhood: Wellington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732892

* 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
Findley Oaks Elementary School Primary Regular 678 46 9
Taylor Road Middle School Middle Regular 1,043 74 8
Chattahoochee High School High Regular 1,879 102 9

Findley Oaks Elementary School

  • Education Level: Primary
  • # of students: 678
  • # of teachers: 46
9
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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,511
Property Tax -$397
Property Insurance -$74
HOA -$133
Property Management Fees -$119
CASH FLOW
-$133

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.

$435,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,286

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,2004$2,4005$2,520
$2,520
RENT COMPS ANALYSIS
  • 555 Sessingham Court Johns Creek, GA 2
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 11620 Bentham Court Alpharetta, GA 1
    • 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 1996
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.84
    •  
  • 220 Ascalon Court Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1997
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 5805 Haterleigh Drive Alpharetta, GA 4
    • 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1996
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
  • 11605 Crossington Road Johns Creek, GA 5
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1998
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.00
    •  
PROPERTY LISTING DETAILS
Feng Sun
1.678.488.3068
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6844609
Last Updated: 02/26/2021
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.

BESbswy