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650 Rosedown Way Alpharetta, GA 30022

4 Beds 4 Baths 2,120 sqft Built 1992

$399,990

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $188.67
  • 4 Days on Market
  • MLS # : 6829404
  • Updated Date : 01/22/2021 at 08:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,120 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

This charming 2 story home located in the highly coveted Swim/Tennis Breckenridge subdivision, includes a Full, Finished basement with a Full Bathroom. Located at the end of a cul-de-sac, this open bright and airy home has so much to offer. Seller has installed brand NEW carpet on stairs and throughtout the 2nd floor. Both interior and exterior has just been freshly painted. Brand NEW floor in the basement, brand NEW front sidewalk, and the Front Door is brand New too. Located within a stones throw of Newtown Park, as Starbucks, Publix, Kroger and The Fresh Market.

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: The Park at Breckenridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: The Park at Breckenridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733324

* 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
Barnwell Elementary School Primary Regular 799 51 7
Autrey Mill Middle School Middle Regular 1,385 93 9
Johns Creek High School High Regular 2,011 101 9

Barnwell Elementary School

  • Education Level: Primary
  • # of students: 799
  • # of teachers: 51
7
GreatSchools Rating

Autrey Mill Middle School

  • Education Level: Middle
  • # of students: 1,385
  • # of teachers: 93
9
GreatSchools Rating

Johns Creek High School

  • Education Level: High
  • # of students: 2,011
  • # of teachers: 101
9
GreatSchools Rating
 

$359,991$439,989$399,990

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,389
Property Tax -$369
Property Insurance -$68
HOA -$44
Property Management Fees -$119
CASH FLOW
$141

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$399,990

PROJECTED PRICE

$2,130

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
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$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$31,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,231

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1303$2,1954$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 650 Rosedown Way Alpharetta, GA 2
    • 4 beds 4 baths ∙ 2,120 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,120 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $1.00
    •  
  • 3425 Stillridge Drive Alpharetta, GA 1
    • 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,099 Sqft ∙ Built 1983
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 1040 Westwell Run Alpharetta, GA 3
    • 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1992
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.11
    •  
  • 10285 Timberstone Road Alpharetta, GA 4
    • 5 beds 4 baths ∙ 2,235 Sqft ∙ Built 1983 5 beds 4 baths ∙ 2,235 Sqft ∙ Built 1983
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 380 Avebury Court Johns Creek, GA 5
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1992
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
PROPERTY LISTING DETAILS
Dan Mcauliffe
1.678.787.1866
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6829404
Last Updated: 01/22/2021
support@investimateroi.com

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