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575 Rocky Creek Drive Roswell, GA 30075

4 Beds 3 Baths 1,316 sqft Built 1964

$380,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $288.75
  • 1 Days on Market
  • MLS # : 6831742
  • Updated Date : 01/23/2021 at 21:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,316 sqft
  • Baths : 3 full
Listing Agent's Description

Live in the heart of Roswell!! This four sided brick home's amazing features include hardwood floors, large updated kitchen with granite counters and stainless steel appliances. Three generous sized bedrooms on the main. Terrace level includes living room, kitchen, bedroom, bath and exterior access. Laundry on main level and separate laundry in basement. Newer deck overlooks private backyard perfect for entertaining and outdoor activities. Close to 400, Historic Roswell, parks & river.

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

Zip Code: 30075

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k409k

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

Zip Code: 30075

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9732575

* 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
Vickery Mill Elementary School Primary Regular NA
Elkins Pointe Middle School Middle Regular 1,125 88 6
Roswell High School High Regular 2,078 129 8

Vickery Mill Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Elkins Pointe Middle School

  • Education Level: Middle
  • # of students: 1,125
  • # of teachers: 88
6
GreatSchools Rating

Roswell High School

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

$342,000$418,000$380,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,320
Property Tax -$401
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$72

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.

$380,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$13,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.38

    LIST RENT PER SQFT
  • $1,711

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8203$1,9494$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 575 Rocky Creek Drive Roswell, GA 2
    • 4 beds 3 baths ∙ 1,316 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,316 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.38
    •  
  • 345 Norcross Street Roswell, GA 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1968
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.27
    •  
  • 490 Rocky Creek Drive Roswell, GA 3
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1964
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,949
    • $1.20
    •  
  • 145 Elaine Drive Roswell, GA 4
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1970
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.35
    •  
  • 1110 Grimes Bridge Road Roswell, GA 5
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1968
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.38
    •  
PROPERTY LISTING DETAILS
Miriam Mccoy
1.770.823.8803
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6831742
Last Updated: 01/23/2021
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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