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665 Sailwind Drive Roswell, GA 30076

4 Beds 3 Baths 2,166 sqft Built 1974

$379,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $175.39
  • 4 Days on Market
  • MLS # : 6854630
  • Updated Date : 03/19/2021 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,166 sqft
  • Baths : 3 full
Listing Agent's Description

This rare 1 story, move-in ready stepless ranch has 2 ensuite main bedrooms in 2 separate living spaces/in-law suite. Updated kitchen w/stainless appliances + granite countertops. Addition completed in 2011. Brand new LVP floors, fresh paint and upgraded windows! Charming cast iron wood burning fireplace in sunroom/family room. Deck overlooks private fenced backyard. Located in Martin's Landing neighborhood w/ beautiful 53-acre Lake, clubhouse, 15 tennis courts, 3 pools, playgrounds, walking & bike trails, easy access to the Chattahoochee! Convenient to GA-400

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Martin's Landing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Neighborhood: Martin's Landing

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
Esther Jackson Elementary School Primary Regular 596 50 5
Holcomb Bridge Middle School Middle Regular 835 67 5
Centennial High School High Regular 1,847 123 7

Esther Jackson Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 50
5
GreatSchools Rating

Holcomb Bridge Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 67
5
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 1,847
  • # of teachers: 123
7
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,320
Property Tax -$324
Property Insurance -$69
HOA -$69
Property Management Fees -$119
CASH FLOW
-$50

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.

$379,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

11530$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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

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 $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,933

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8504$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 665 Sailwind Drive Roswell, GA 3
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 1090 Terramont Drive Roswell, GA 1
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1981
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 10050 Lake Forest Way Roswell, GA 2
    • 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1980
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 1295 Northshore Drive Roswell, GA 4
    • 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 1970
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 180 Crabtree Drive W Roswell, GA 5
    • 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 1980
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Shannon Hames
1.770.510.3050
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6854630
Last Updated: 03/19/2021
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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