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9105 Berkshire Court Woodstock, GA 30189

5 Beds 4 Baths 2,918 sqft Built 1999

$399,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $136.74
  • 3 Days on Market
  • MLS # : 6830839
  • Updated Date : 01/23/2021 at 20:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,918 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Beautiful cul-de-sac 5 Bedroom 3.5 Bath + home office in the heart of Towne Lake. Soaring ceilings & open floor plan & space for everyone - this home has it all. Featuring a large private backyard, master suite sanctuary w/ tray ceilings & sitting room + 5 piece master bath - separate shower - soaking tub - water closet & huge closet. Upstairs secondary bath is perfect for kids to share - someone can use the shower while the others brush their teeth! Home theater + 5th bedroom & bath in the lower level along w/ a huge storage space & workshop!

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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: Wyngate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Wyngate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Bascomb Elementary School Primary Regular 1,038 56 9
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Bascomb Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 56
9
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$359,100$438,900$399,000

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 -$1,386
Property Tax -$325
Property Insurance -$84
HOA -$46
Property Management Fees -$119
CASH FLOW
$50

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.

$399,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.7%
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

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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$23,571

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
  • $0.69

    LIST RENT PER SQFT
  • $1,948

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8954$1,9005$2,010
$2,010
RENT COMPS ANALYSIS
  • 9105 Berkshire Court Woodstock, GA 5
    • 5 beds 4 baths ∙ 2,918 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,918 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.69
    •  
  • 314 Summerchase Lane Woodstock, GA 1
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1990
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.64
    •  
  • 714 Emerald Ridge Woodstock, GA 2
    • 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 1988
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 806 Ridge Creek Lane Woodstock, GA 3
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1991
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.63
    •  
  • 101 Windsong Trail Canton, GA 4
    • 5 beds 4 baths ∙ 2,724 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,724 Sqft ∙ Built 2000
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.70
    •  
PROPERTY LISTING DETAILS
Ana Abraham
1.770.722.8243
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830839
Last Updated: 01/23/2021
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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