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840 Laurel Mill Drive Roswell, GA 30076

5 Beds 4 Baths 2,710 sqft Built 1980

$359,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $132.47
  • 4 Days on Market
  • MLS # : 6827981
  • Updated Date : 01/15/2021 at 14:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,710 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. This expansive two-story residence will impress from the moment you enter. Spacious living and dining areas, sunroom, and deck in the fully fenced private backyard are ready for daily use or entertaining guests. Kitchen features breakfast bar, white cabinets, and plenty of counter space. ADA friendly bedroom and bathroom on the main level, plus four upper bedrooms. HOA is optional. Exterior of the house painted in 2020. HVAC & WH installed new in 2020 and whole house generator.

SEE MORE

MARKET HIGHLIGHTS

  • #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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Barrington

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Neighborhood: Barrington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732417

* 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
Northwood Elementary School Primary Regular 743 49 8
Haynes Bridge Middle School Middle Regular 742 61 6
Centennial High School High Regular 1,847 123 7

Northwood Elementary School

  • Education Level: Primary
  • # of students: 743
  • # of teachers: 49
8
GreatSchools Rating

Haynes Bridge Middle School

  • Education Level: Middle
  • # of students: 742
  • # of teachers: 61
6
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 1,847
  • # of teachers: 123
7
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,247
Property Tax -$333
Property Insurance -$80
HOA -$8
Property Management Fees -$119
CASH FLOW
$424

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.

$359,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$59,400

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,202

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,2003$2,2004$2,2105$2,225
$2,225
RENT COMPS ANALYSIS
  • 840 Laurel Mill Drive Roswell, GA 4
    • 5 beds 4 baths ∙ 2,710 Sqft ∙ Built 1980 5 beds 4 baths ∙ 2,710 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.82
    •  
  • 120 Sheringham Drive Roswell, GA 1
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1980
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.80
    •  
  • 120 Old Alabama Place Roswell, GA 2
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 1992
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 10035 Feather Sound Court Johns Creek, GA 3
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 1988
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 590 Ridgemont Drive Roswell, GA 5
    • 5 beds 3 baths ∙ 2,832 Sqft ∙ Built 1981 5 beds 3 baths ∙ 2,832 Sqft ∙ Built 1981
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.79
    •  
PROPERTY LISTING DETAILS
Louise Bannister
1.678.858.1180
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827981
Last Updated: 01/15/2021
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. © 2017 First Multiple Listing Service, Inc.

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