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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $184.56
- 7 Days on Market
- MLS # : 6823940
- Updated Date : 01/08/2021 at 04:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,788 sqft
- Baths : 2 full , 2 half
Listing Agent's Description
Move-in Ready home with lots of updates! Beautiful 3 bedroom, 2.5 Bath home in a top rated school district. Updated kitchen and light fixtures, tiled flooring and the fireside family room has tons of natural light. Relax in the oversized Owner's Suite on the main floor. Home has a newly fenced in back yard and landscaping. Homes yard backs up to green space and to the tennis and swimming pool. Great location close to Avalon, restaurants, schools, downtown Alpharetta, Verizon Amphitheater and HWY400!
SEE MORE
- #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)
- 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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Neighborhood: Bridge Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bridge Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$261 | |
| Property Insurance | -$62 | |
| HOA | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$268
|
||
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.
$330,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
9.17
YEARS SAVED
$41,349
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,944
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
5625 Bridge Pointe Drive Alpharetta, GA 5
- 3 beds 4 baths ∙ 1,788 Sqft ∙ Built 1996 3 beds 4 baths ∙ 1,788 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $1,910
- $1.07
-
11225 Wittenridge Drive Alpharetta, GA 1
- 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1999
![property image]()
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,650
- $1.06
-
11185 Wittenridge Drive Alpharetta, GA 2
- 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1999
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,750
- $1.13
-
315 Wittenridge Court Alpharetta, GA 3
- 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1999
![property image]()
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,795
- $1.16
-
365 Wittenridge Court Alpharetta, GA 4
- 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
PROPERTY LISTING DETAILS
1.770.522.7435
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6823940
Last Updated: 01/08/2021
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. © 2017 First Multiple Listing Service, Inc.
