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8040 Henderson Court Alpharetta, GA 30004

3 Beds 4 Baths 2,145 sqft Built 1986

$429,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $200.42
  • 2 Days on Market
  • MLS # : 6913545
  • Updated Date : 07/13/2021 at 14:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,145 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Gorgeous home in Alpharetta in an incredible location. This home is minutes from the downtown Alpharetta square, Avalon, and Windward. Quite literally wedged nicely between all the shopping and restaurants the Alpharetta area is known for and is offered at a terrific price point to boot!! Once inside the home you will discover a newly renovated kitchen, multi level great room and foyer, sophisticated study/office that boasts natural wood built-ins and a very open concept and spacious full finished basement.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k447k

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

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732843

* 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
Manning Oaks Elementary School Primary Regular 813 54 6
Hopewell Middle School Middle Regular 1,338 91 8
Alpharetta High School High Regular 2,061 123 9

Manning Oaks Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 54
6
GreatSchools Rating

Hopewell Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 91
8
GreatSchools Rating

Alpharetta High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 123
9
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,493
Property Tax -$361
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$62

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.

$429,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.46%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$17,255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,156

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9803$2,0104$2,0505$2,200
$2,200
RENT COMPS ANALYSIS
  • 8040 Henderson Court Alpharetta, GA 2
    • 3 beds 4 baths ∙ 2,145 Sqft ∙ Built 1986 3 beds 4 baths ∙ 2,145 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.92
    •  
  • 1155 Winthrope Chase Drive Alpharetta, GA 1
    • 4 beds 3 baths ∙ 1,987 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,987 Sqft ∙ Built 1997
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 1115 Winthrope Chase Drive Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 1997
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.95
    •  
  • 335 Jayne Ellen Way Alpharetta, GA 4
    • 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 1982
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.05
    •  
  • 135 Manning Drive Alpharetta, GA 5
    • 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 2000
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
PROPERTY LISTING DETAILS
The Hutson Group
1.770.369.5733
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913545
Last Updated: 07/13/2021
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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