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875 Greenvine Trace Roswell, GA 30076

4 Beds 3 Baths 2,101 sqft Built 1977

$340,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $161.83
  • 3 Days on Market
  • MLS # : 6809214
  • Updated Date : 11/21/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,101 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome Home! Awesome 4 bedroom home situated n a beautiful wooded cul-de-sac lot! Open & spacious floor plan features a 2 story great room, separate open dining room, separate family room with a fireplace, gorgeous large vaulted sunroom w/HVAC overlooking the wooded backyard, white cabinets, breakfast bar & granite countertops in kitchen, tile & hardwood floors on main level, New hardwood treads on stairs & smooth ceilings on the main level! Master bedroom features a sitting room! 2 sides Hardi Plank siding with stone accents! Newer Roof & HVAC. Finished room in

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)
  • 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)
  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Neighborhood: Martin's Landing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k394k

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

Neighborhood: Martin's Landing

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
Esther Jackson Elementary School Primary Regular 596 50 5
Holcomb Bridge Middle School Middle Regular 835 67 5
Centennial High School High Regular 1,847 123 7

Esther Jackson Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 50
5
GreatSchools Rating

Holcomb Bridge Middle School

  • Education Level: Middle
  • # of students: 835
  • # of teachers: 67
5
GreatSchools Rating

Centennial High School

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

$306,000$374,000$340,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,254
Property Tax -$296
Property Insurance -$68
HOA -$87
Property Management Fees -$119
CASH FLOW
$186

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.

$340,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.59%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$38,196

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,033

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8003$1,8504$2,0105$2,100
$2,100
RENT COMPS ANALYSIS
  • 875 Greenvine Trace Roswell, GA 4
    • 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.96
    •  
  • 180 Ansley Court Roswell, GA 1
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1980
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.99
    •  
  • 1090 Terramont Drive Roswell, GA 2
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1981
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 520 Sailwind Drive Roswell, GA 3
    • 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 1974
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 9655 Hillside Drive Roswell, GA 5
    • 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 1977
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Joyce L Fahl
1.770.596.4481
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6809214
Last Updated: 11/21/2020
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.

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