Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

570 Wyncourtney Drive Sandy Springs, GA 30328

4 Beds 3 Baths 2,493 sqft Built 1966

$459,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $184.12
  • 5 Days on Market
  • MLS # : 6807363
  • Updated Date : 11/12/2020 at 15:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,493 sqft
  • Baths : 3 full
Listing Agent's Description

Welcome to this wonderful Sandy Springs location. This bright, light-filled home features hardwood floors, tons of common space, tons of storage throughout. Kitchen features double Bosch ovens, gas cooktop, custom cabs,& large pantry. Sizable bd on main w/full renovated bath. Owners suite has Elfa closets, totally renovated bath w/ marble tops, frameless glass shower, make up area, builtins. Other secondary bds are gracious in size. Finished basement perfect for rec room. New paint ,carpet on terrace level. Brand new deck, large yard perfect for entertaining .

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)

PRICE & RENT TRENDS

Neighborhood: North Springs

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k519k

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

Neighborhood: North Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733395

* 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
Spalding Drive Charter Elementary School Primary Charter 472 31 7
Sandy Springs Charter School Middle Charter 920 69 5
North Springs High School High Charter 1,653 97 7

Spalding Drive Charter Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 31
7
GreatSchools Rating

Sandy Springs Charter School

  • Education Level: Middle
  • # of students: 920
  • # of teachers: 69
5
GreatSchools Rating

North Springs High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 97
7
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$1,694
Property Tax -$432
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
$390

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.

$459,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 4.8%
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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$70,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,805

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7003$2,7104$3,0005$3,250
$3,250
RENT COMPS ANALYSIS
  • 570 Wyncourtney Drive Sandy Springs, GA 3
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.09
    •  
  • 6910 Brandon Mill Road Sandy Springs, GA 1
    • 3 beds 2 baths ∙ 2,400 Sqft ∙ Built 1957 3 beds 2 baths ∙ 2,400 Sqft ∙ Built 1957
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.02
    •  
  • 435 W Spalding Drive Sandy Springs, GA 2
    • 4 beds 4 baths ∙ 2,524 Sqft ∙ Built 1982 4 beds 4 baths ∙ 2,524 Sqft ∙ Built 1982
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.07
    •  
  • 6765 Brandon Mill Road Sandy Springs, GA 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1964
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.15
    •  
  • 220 Wessex Court Sandy Springs, GA 5
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1984
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.26
    •  
PROPERTY LISTING DETAILS
V Team Realty
1.678.283.7001
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807363
Last Updated: 11/12/2020
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.

BESbswy