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5570 Kennemore Drive Alpharetta, GA 30004

4 Beds 3 Baths 2,046 sqft Built 1995

$349,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $171.02
  • 5 Days on Market
  • MLS # : 6804737
  • Updated Date : 11/06/2020 at 12:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,046 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Gorgeous 4 bedroom 2.5 bath brick home in a desirable north Alpharetta swim/tennis neighborhood just minutes from GA 400, Big Creek Greenway, Fowler Park, Windward, shopping, dining and more. Zoned for the two newest additions to the excellent Forsyth County School System, Brandywine Elementary School and DeSana Middle School. This lovely home features new HVAC systems, exterior and interior paint, a vaulted entryway with hardwood floors, separate dining

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

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k447k

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

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732843

* 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
Brandywine Elementary School Primary Regular NA
Desana Middle School Middle Regular NA
Denmark High School High Unknown NA

Brandywine Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Desana Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Denmark High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,291
Property Tax -$288
Property Insurance -$67
HOA -$40
Property Management Fees -$119
CASH FLOW
$115

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.

$349,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.55%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$32,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,969

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8003$1,9204$1,9655$2,050
$2,050
RENT COMPS ANALYSIS
  • 5570 Kennemore Drive Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.94
    •  
  • 406 Windstone Trail Alpharetta, GA 1
    • 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,784 Sqft ∙ Built 2004
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 6265 Crested Moss Drive Alpharetta, GA 2
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2013
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 375 Grayson Way Alpharetta, GA 4
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $0.94
    •  
  • 5745 Rives Drive Alpharetta, GA 5
    • 4 beds 4 baths ∙ 1,935 Sqft ∙ Built 1998 4 beds 4 baths ∙ 1,935 Sqft ∙ Built 1998
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.06
    •  
PROPERTY LISTING DETAILS
Bonds Realty Group
1.678.269.1100
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804737
Last Updated: 11/06/2020
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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