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900 Kings Arms Way Johns Creek, GA 30022

5 Beds 3 Baths 3,100 sqft Built 1987

$489,999

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $158.06
  • 3 Days on Market
  • MLS # : 6839929
  • Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,100 sqft
  • Baths : 3 full
Listing Agent's Description

This beautiful traditional home offers one of the largest floorplans in the Mayfair subdivision on a quiet cul-de-sac. Clean and move-in ready. Features include fresh interior and exterior paint, bedroom on the main with full bathroom, kitchen includes gorgeous granite countertops, 5 burner gas cooktop, convection oven and convection microwave and walk in pantry. Master bedroom has custom walk-in closet system, master bath w/separate shower/ jacuzzi tub. Three secondary bedrooms up with dual vanity sinks and separate shower in secondary bath. Main floor has 9 ft smooth

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)
  • 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)
  • 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

Neighborhood: Mayfair

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: Mayfair

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733324

* 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
Hillside Elementary School Primary Regular 691 55 8
Haynes Bridge Middle School Middle Regular 742 61 6
Centennial High School High Regular 1,847 123 7

Hillside Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 55
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
 

$440,999$538,999$489,999

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,702
Property Tax -$454
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$294

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$489,999

PROJECTED PRICE

$2,650

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,500
Loan Amount $367,499
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$50,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,471

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,4504$2,6505$2,795
$2,795
RENT COMPS ANALYSIS
  • 900 Kings Arms Way Johns Creek, GA 4
    • 5 beds 3 baths ∙ 2,761 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,761 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.96
    •  
  • 10035 Feather Sound Court Johns Creek, GA 1
    • 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
    •  
  • 2830 Shurburne Drive Alpharetta, GA 2
    • 5 beds 3 baths ∙ 2,556 Sqft ∙ Built 1983 5 beds 3 baths ∙ 2,556 Sqft ∙ Built 1983
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
  • 731 Ashley Glen Lane Johns Creek, GA 3
    • 4 beds 3 baths ∙ 2,785 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,785 Sqft ∙ Built 1997
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 730 Eider Down Court Alpharetta, GA 5
    • 5 beds 4 baths ∙ 2,911 Sqft ∙ Built 1990 5 beds 4 baths ∙ 2,911 Sqft ∙ Built 1990
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.96
    •  
PROPERTY LISTING DETAILS
Caroline Nalisnick
1.404.513.9226
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839929
Last Updated: 02/13/2021
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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