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5676 Broxton Circle Peachtree Corners, GA 30092

5 Beds 4 Baths 2,960 sqft Built 1980

$460,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $155.41
  • 4 Days on Market
  • MLS # : 6823426
  • Updated Date : 01/08/2021 at 12:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,960 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Do Not Miss this renovated 5 bedroom/3.5 bathroom beautiful home in sought after Peachtree Station subdivision. Fresh interior paint and hardwood flooring throughout the house. Custom eat-in kitchen with stainless appliances, granite countertops, white cabinets leading to large laundry/mudroom. Office on the main floor with separate den and large dining room. Lg Master bedroom with custom master bath with dual vanities, granite c-tops, modern soaking tub, large tiled shower, walk-in closet. Four large secondary bedrooms upstairs with two bathrooms all have been updated.

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: Peachtree Corners

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k358k

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

Neighborhood: Peachtree Corners

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9733087

* 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
Simpson Elementary School Primary Regular 765 62 10
Pinckneyville Middle School Middle Regular 1,306 81 6
Norcross High School High Regular 3,738 204 5

Simpson Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 62
10
GreatSchools Rating

Pinckneyville Middle School

  • Education Level: Middle
  • # of students: 1,306
  • # of teachers: 81
6
GreatSchools Rating

Norcross High School

  • Education Level: High
  • # of students: 3,738
  • # of teachers: 204
5
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,598
Property Tax -$465
Property Insurance -$84
HOA -$7
Property Management Fees -$119
CASH FLOW
$417

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.

$460,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.7%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$62,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,743

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,6903$2,8004$2,800
$2,800
RENT COMPS ANALYSIS
  • 5676 Broxton Circle Peachtree Corners, GA 2
    • 5 beds 4 baths ∙ 2,960 Sqft ∙ Built 1980 5 beds 4 baths ∙ 2,960 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.91
    •  
  • 3829 Rainforest Circle Peachtree Corners, GA 1
    • 6 beds 4 baths ∙ 3,006 Sqft ∙ Built 1980 6 beds 4 baths ∙ 3,006 Sqft ∙ Built 1980
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.78
    •  
  • 5155 Thamesgate Close Peachtree Corners, GA 3
    • 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1997
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.05
    •  
  • 6339 Poplar Bluff Circle Peachtree Corners, GA 4
    • 4 beds 2 baths ∙ 2,943 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,943 Sqft ∙ Built 1993
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Renee Reddic
1.770.317.3500
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823426
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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