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REQUEST INFO
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PROPERTY INFO
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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- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: River Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$119,074
LOAN DETAILS
$1,528
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $109,975 |
| Loan Amount | $329,925 |
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.
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
Tobin
