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9158 Carroll Manor Drive Sandy Springs, GA 30350

3 Beds 3 Baths 1,776 sqft Built 1984

$290,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $163.29
  • 6 Days on Market
  • MLS # : 6812422
  • Updated Date : 11/25/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,776 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful Sandy Springs townhome (left side of a two unit detached building) beautifully updated & maintained. . Kitchen includes SS appliances, granite countertops, breakfast bar, & breakfast area. Laundry room in kitchen includes washer and dryer. Master suite w/ tray ceilings, walk-in closets, & updated bath w/ glass shower. Private driveway with 2-car covered carport in rear with kitchen entrance Prime Sandy Springs location convenient to 400, downtown Roswell, and Azalea and Riverside Parks. Voluntary HOA only $60 per year!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Carroll Manor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k519k

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

Neighborhood: Carroll Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733395

* 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
Dunwoody Springs Charter School Primary Charter 677 55 6
Sandy Springs Charter School Middle Charter 920 69 5
North Springs High School High Charter 1,653 97 7

Dunwoody Springs Charter School

  • Education Level: Primary
  • # of students: 677
  • # of teachers: 55
6
GreatSchools Rating

Sandy Springs Charter School

  • Education Level: Middle
  • # of students: 920
  • # of teachers: 69
5
GreatSchools Rating

North Springs High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 97
7
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,070
Property Tax -$268
Property Insurance -$61
HOA -$5
Property Management Fees -$119
CASH FLOW
$337

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.

$290,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.64%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

10.75

YEARS SAVED

$55,306

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,971

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8603$2,000
$2,000
RENT COMPS ANALYSIS
  • 9158 Carroll Manor Drive Sandy Springs, GA 2
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.05
    •  
  • 520 Sailwind Drive Roswell, GA 1
    • 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
    •  
  • 995 Melody Lane Roswell, GA 3
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1965
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
PROPERTY LISTING DETAILS
Dennis Oriley
1.770.335.8814
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6812422
Last Updated: 11/25/2020
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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