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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30004
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$119,674
LOAN DETAILS
$1,493
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,475 |
| Loan Amount | $322,425 |
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
-
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
1.770.369.5733
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6913545
Last Updated: 07/13/2021
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.
