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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $199.26
- 3 Days on Market
- MLS # : 6856291
- Updated Date : 03/20/2021 at 09:46
CONSTRUCTION
- Beds : 3
- Floor Size : 2,158 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Upgraded Ranch in Hembree Farms with extensive remodeling features over the past 6 years including new flooring, windows in back of home, silestone kitchen counters, each bath has new cabinet & sinks/plumbing, new tile shower in the master bath, new tub in the secondary bath, all new tile in kitchen and both baths, all new appliances in 2016 including double oven, new electrical fixtures, totally repainted on the interior and exterior, front walkway repaved in slate continuing into the foyer, ,roof replaced February 2021, newer garage doors double covered porches.
SEE MORE
- 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: Hembree Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hembree Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$340 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$19
|
||
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.
$430,000
PROJECTED PRICE
$2,040
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$119,700
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,500 |
| Loan Amount | $322,500 |
5.25
YEARS SAVED
$23,646
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,040
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,109
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
800 E Hembree Crossing Roswell, GA 2
- 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $2,040
- $0.95
-
710 W Hembree Crossing Roswell, GA 1
- 4 beds 3 baths ∙ 2,154 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,154 Sqft ∙ Built 1975
LEASED 10/02/20- Rent
- Rent Per SQFT
- $1,880
- $0.87
-
1210 Arbor Creek Drive Roswell, GA 3
- 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1996
LEASED 09/27/20- Rent
- Rent Per SQFT
- $2,050
- $0.96
-
545 Camber Woods Drive Roswell, GA 4
- 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1994
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.98
-
460 Sydney Walk Alpharetta, GA 5
- 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 1999
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,300
- $1.10
PROPERTY LISTING DETAILS
1.770.722.8960
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6856291
Last Updated: 03/20/2021
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.
