Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8500 River Walk Landing Johns Creek, GA 30024

5 Beds 3 Baths 2,956 sqft Built 1999

$449,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $151.89
  • 4 Days on Market
  • MLS # : 6808076
  • Updated Date : 11/13/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,956 sqft
  • Baths : 3 full
Listing Agent's Description

This home has everything that you have been looking for and so much more! This home has been completely remodeled from top to bottom. No detail has been overlooked! Over the top white kitchen with brand new appliances, premium bamboo floors, unbelievable upgrades in ALL the bathrooms, huge master suite with brand new master bath, huge closet and bonus room. Roomy secondary bedroom. New carpets on the upper floor. Open floor plan. Large flat fenced in backyard. There is even a bonus work room! This home is across from the wonderful heart of the neighborhood

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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

Neighborhood: Riverwalk

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k406k

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

Neighborhood: Riverwalk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9732311

* 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
Shakerag Elementary School Primary Regular 834 50 8
River Trail Middle School Middle Regular 1,405 95 9
Northview High School High Regular 1,922 102 9

Shakerag Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 50
8
GreatSchools Rating

River Trail Middle School

  • Education Level: Middle
  • # of students: 1,405
  • # of teachers: 95
9
GreatSchools Rating

Northview High School

  • Education Level: High
  • # of students: 1,922
  • # of teachers: 102
9
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,657
Property Tax -$409
Property Insurance -$84
HOA -$58
Property Management Fees -$119
CASH FLOW
-$68

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.

$449,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 4.5%
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$20k

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$20,916

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,483

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,260
1$2,2602$2,3003$2,4504$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 8500 River Walk Landing Johns Creek, GA 1
    • 5 beds 3 baths ∙ 2,956 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,956 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.76
    •  
  • 360 Lahontan Pass Suwanee, GA 2
    • 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2001
    LEASED 08/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 11005 Regal Forest Drive Suwanee, GA 3
    • 5 beds 4 baths ∙ 2,954 Sqft ∙ Built 1997 5 beds 4 baths ∙ 2,954 Sqft ∙ Built 1997
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.83
    •  
  • 1155 Clandon Place Suwanee, GA 4
    • 5 beds 3 baths ∙ 2,832 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,832 Sqft ∙ Built 2006
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 225 Gladeside Path Suwanee, GA 5
    • 5 beds 3 baths ∙ 3,124 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,124 Sqft ∙ Built 2000
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.86
    •  
PROPERTY LISTING DETAILS
Dana Kauffman
1.678.237.7657
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808076
Last Updated: 11/13/2020
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.

BESbswy