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570 Periwinkle Drive Roswell, GA 30075

4 Beds 2 Baths 2,401 sqft Built 1973

$410,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $170.76
  • 6 Days on Market
  • MLS # : 6830082
  • Updated Date : 01/22/2021 at 09:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,401 sqft
  • Baths : 2 full
Listing Agent's Description

A wonderful opportunity to acquire this updated Ranch home in sought after Roswell. No HOA and in excellent school district. On almost 1 acre, you have plenty of room to enjoy the outdoors in your fenced in backyard. Large decks provides relaxation while visiting family and friends. Enter the home through the inviting double doors. Your will be greeted by the living room and the family room. Both with cozy fireplaces, providing warmth in the wintertime. Informal dining area is the perfect place to share a meal.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Neighborhood: Pine Needles

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Neighborhood: Pine Needles

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732417

* 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
Roswell North Elementary School Primary Regular 1,020 65 7
Crabapple Middle School Middle Regular 950 69 7
Roswell High School High Regular 2,078 129 8

Roswell North Elementary School

  • Education Level: Primary
  • # of students: 1,020
  • # of teachers: 65
7
GreatSchools Rating

Crabapple Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 69
7
GreatSchools Rating

Roswell High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 129
8
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,424
Property Tax -$386
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$98

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.

$410,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.9%
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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$28,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,125

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$2,1003$2,1004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 570 Periwinkle Drive Roswell, GA 4
    • 4 beds 2 baths ∙ 2,401 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,401 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 1250 Ridgefield Drive Roswell, GA 1
    • 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 1972
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.87
    •  
  • 9775 Hightower Road Roswell, GA 2
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1985
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 9480 Coleman Road Roswell, GA 3
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 1972
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 290 Farm Track Roswell, GA 5
    • 5 beds 3 baths ∙ 2,398 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,398 Sqft ∙ Built 1985
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Carolyn Hutton
1.770.235.5143
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830082
Last Updated: 01/22/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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