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815 Middleton Place Alpharetta, GA 30004

3 Beds 3 Baths 2,166 sqft Built 2012

$415,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $191.60
  • 2 Days on Market
  • MLS # : 6912666
  • Updated Date : 07/13/2021 at 15:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,166 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome to this immaculately maintained townhome in HIGHLY sought after Herring Township. Forsyth County taxes with an Alpharetta address! This home’s open layout concept flows throughout, with hardwoods on main, crown molding and a loft landing upstairs! Kitchen features granite countertops, tiled backsplash, matching stainless steel appliances and opens to the fireside Great Room & Breakfast area. The large master retreat with ensuite bathroom boasts double vanities, garden tub, tiled shower and walk-in closet. 2 additional spacious bedrooms and a

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
Brandywine Elementary School Primary Regular NA
Desana Middle School Middle Regular NA
Denmark High School High Unknown NA

Brandywine Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Desana Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Denmark High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,441
Property Tax -$342
Property Insurance -$69
HOA -$130
Property Management Fees -$119
CASH FLOW
-$51

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.

$415,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.49%

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$15,835

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,144

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9654$2,0505$2,175
$2,175
RENT COMPS ANALYSIS
  • 815 Middleton Place Alpharetta, GA 4
    • 3 beds 3 baths ∙ 2,166 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,166 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
  • 6265 Crested Moss Drive Alpharetta, GA 1
    • 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 2013
    property image
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 6260 Crested Moss Drive Alpharetta, GA 2
    • 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2013
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 375 Grayson Way Alpharetta, GA 3
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2004
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $0.94
    •  
  • 2630 Highland Pass Alpharetta, GA 5
    • 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 1998
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.04
    •  
PROPERTY LISTING DETAILS
Soraya Joud Real Estate
1.678.761.4846
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6912666
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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