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6040 Baywood Drive Roswell, GA 30076

4 Beds 3 Baths 2,555 sqft Built 1994

$399,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $156.52
  • 3 Days on Market
  • MLS # : 6803322
  • Updated Date : 11/07/2020 at 17:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,555 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Highest and best offer due by 7:00pm on Sunday, 11/8/2020. $65K worth of recent upgrades! Updated kitchen, master bath, hall bath, flooring and much more! Rare 4 bedroom home in amazing swim/tennis community! 5 minute walk to Sweet Apple Elementary and great restaurants at Sweet Apple Village. Large, level fenced backyard. Newer Roof & HVAC. Great floorplan with separate office/living room.

SEE MORE

MARKET HIGHLIGHTS

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

PRICE & RENT TRENDS

Neighborhood: Crabapple Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Neighborhood: Crabapple Park

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
Sweet Apple Elementary School Primary Regular 704 48 9
Elkins Pointe Middle School Middle Regular 1,125 88 6
Milton High School High Regular 2,021 110 8

Sweet Apple Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 48
9
GreatSchools Rating

Elkins Pointe Middle School

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

Milton High School

  • Education Level: High
  • # of students: 2,021
  • # of teachers: 110
8
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,475
Property Tax -$359
Property Insurance -$77
HOA -$83
Property Management Fees -$119
CASH FLOW
$217

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.

$399,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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$25k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$44,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,421

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3303$2,4004$2,5005$2,595
$2,595
RENT COMPS ANALYSIS
  • 6040 Baywood Drive Roswell, GA 2
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.91
    •  
  • 12650 Morningpark Circle Milton, GA 1
    • 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2000
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 1020 Crabapple Parc Drive Roswell, GA 3
    • 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 1994
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.02
    •  
  • 11685 Northgate Trail Roswell, GA 4
    • 4 beds 3 baths ∙ 2,715 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,715 Sqft ∙ Built 1979
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 12178 Limeridge Court Alpharetta, GA 5
    • 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2006
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.91
    •  
PROPERTY LISTING DETAILS
Joel Roberts
1.404.316.3295
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803322
Last Updated: 11/07/2020
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.

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