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5565 N Hillbrooke Trace Alpharetta, GA 30005

4 Beds 3 Baths 2,927 sqft Built 1990

$424,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $145.17
  • 6 Days on Market
  • MLS # : 6804351
  • Updated Date : 11/04/2020 at 09:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,927 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

The house is located in the Hillbrooke Subdivision; a desirable neighborhood with great amenities such as a community pool, tennis courts, basketball court and playground. It is well-known for its holiday festivities. Located in a top rated school district of Johns Creek and minutes away from shopping centers, Emory Hospital, GA 400,Mall and the Avalon. Our favorite features of this house includes marble flooring in the foyer, formal living and dining rooms and office area,the stone flooring and updated bathroom adds the charm to the MSTR suite.

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: Hillbrooke

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k426k

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

Neighborhood: Hillbrooke

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732646

* 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
Abbotts Hill Elementary School Primary Regular 723 44 8
Taylor Road Middle School Middle Regular 1,043 74 8
Chattahoochee High School High Regular 1,879 102 9

Abbotts Hill Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 44
8
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
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,568
Property Tax -$388
Property Insurance -$84
HOA -$80
Property Management Fees -$119
CASH FLOW
-$78

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.

$424,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$18,422

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,364

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,2003$2,3504$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 5565 N Hillbrooke Trace Alpharetta, GA 1
    • 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.74
    •  
  • 5660 Oxborough Way Johns Creek, GA 2
    • 4 beds 3 baths ∙ 2,681 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,681 Sqft ∙ Built 1998
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 5970 Findley Chase Drive Duluth, GA 3
    • 4 beds 4 baths ∙ 2,908 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,908 Sqft ∙ Built 1993
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.81
    •  
  • 4945 Weathervane Drive Alpharetta, GA 4
    • 5 beds 4 baths ∙ 2,908 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,908 Sqft ∙ Built 2006
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
  • 530 Ashleaf Place Alpharetta, GA 5
    • 4 beds 3 baths ∙ 3,175 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,175 Sqft ∙ Built 1990
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.77
    •  
PROPERTY LISTING DETAILS
Norman Domingo
1.888.838.9044
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804351
Last Updated: 11/04/2020
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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