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5625 Bridge Pointe Drive Alpharetta, GA 30005

3 Beds 4 Baths 1,788 sqft Built 1996

$330,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

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

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

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
$1,650
1$1,6502$1,7503$1,7954$1,8455$1,910
$1,910
RENT COMPS ANALYSIS
  • 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
Millie Duran Gonzalez
1.770.522.7435
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823940
Last Updated: 01/08/2021
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. © 2017 First Multiple Listing Service, Inc.

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