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8003 Linfield Way Sandy Springs, GA 30350

3 Beds 4 Baths 2,517 sqft Built 2020

$439,900

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $174.77
  • 4 Days on Market
  • MLS # : No MLS Number
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,517 sqft
  • Baths : 3 full , 1 half
Listing Agent

Tobin

Listing Agent's Description

Popular Crestwood Plan! NEW Stunning White Brick ext townhome construction w/ incredible quality bld, amazing interior detail at below mrkt pricing and LOCATION! Beautiful boutique community of 27 THs off 400 and Northridge. Open floor plan and spacious 24' wide w/ 10' ceilings on main. Spectacular details such as 12" hrdwds thruout, all bths w/ rain showerheads, upgraded ceramic tiles, quartz countrtops, owner bth oversized soaking tub and sep oversized shower, his/hers closets. Incredible upgraded features! Priced below mrkt comps! QUICK MOVE-IN READY! Popular Crestwood Open Plan. 24' wide spacious home! LOCATION - 4 mile radius - Hooch River National Park, Historic dwntwn Roswell, Dunwoody Village, Perimeter Mall, World Headqtrs of Mercedes, UPS, State Farm, Randstad, Cox Media, First Data. Below market pricing per sq ft with upgraded interior detail finishes and fixtures. Lower level has spaciouis bdrm w/ private bath. Kitchen - SS appliances, SS deep single bowl sink, white cabs, island, tile back splash, open view to dining area and family room. Separate large dining room. Upgraded light and plumbing fixtures throughout home. 2 car garage w/ extra storage area! Incredible VALUE! Don't miss out on such an amazing buy. Historically low int rates combined w/ below mrkt pricing makes for the perfect time to purchase at North Ridge Commons! View of private wooded area behind home. 9 HOMES UNDER CONTRACT/SOLD IN PAST 10 WEEKS!! LAST 3 OPPORTUNITIES FOR A QUICK CLOSING UNTIL PHASE II COMPLETION IN FALL OF 2021!

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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: River Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $113k846k

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

Neighborhood: River Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800300032003400360038004000Rent in $9734007

* 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
Dunwoody Springs Charter School Primary Charter 677 55 6
Sandy Springs Charter School Middle Charter 920 69 5
North Springs High School High Charter 1,653 97 7

Dunwoody Springs Charter School

  • Education Level: Primary
  • # of students: 677
  • # of teachers: 55
6
GreatSchools Rating

Sandy Springs Charter School

  • Education Level: Middle
  • # of students: 920
  • # of teachers: 69
5
GreatSchools Rating

North Springs High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 97
7
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$1,528
Property Tax -$528
Property Insurance -$76
HOA -$225
Property Management Fees -$324
CASH FLOW
$919

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$439,900

PROJECTED PRICE

$3,600

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 3.5%
Maintenance Year (1-5) 3.00%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$119,074

INVESTMENT

$119,074

Down Payment
$109,975
Rehab Estimate
$2,500
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

13.83

YEARS SAVED

$102,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

Solutions Manager

YOUR SOLUTIONS MANAGER

Please Contact Your Solutions Manager

To review the detailed price and rent comps for this property and answer any questions you may have.

PROPERTY LISTING DETAILS
Mynd
Tobin
BESbswy