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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $215.03
- 2 Days on Market
- MLS # : 6853370
- Updated Date : 03/13/2021 at 19:10
CONSTRUCTION
- Beds : 4
- Floor Size : 1,790 sqft
- Baths : 2 full
Listing Agent's Description
Perfectly designed for comfortable living and entertaining this 4 bedroom 2 bath Modern Ranch features an open floor plan with many updates. The private Master Suite features a walk in closet and new spa like bath with separate water closet. All new spacious white kitchen with center Island, separate dining area and large pantry. Spacious vaulted great room with cozy stone fireplace. Private screen porch provides additional outdoor living space w/access to the lovely backyard. Located in the sought after Roswell area with easy access to shopping, recreation, schools.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Lake Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$304 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$122
|
||
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.
$384,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,749
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,225 |
| Loan Amount | $288,675 |
3.5
YEARS SAVED
$11,436
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,853
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
920 Lake Haven Court Roswell, GA 1
- 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,700
- $0.95
-
180 Ansley Court Roswell, GA 2
- 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
-
140 Crabtree Drive Roswell, GA 3
- 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1983
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,800
- $1.08
-
10050 Lake Forest Way Roswell, GA 4
- 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1980
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,850
- $0.95
-
625 Ridgemont Drive Roswell, GA 5
- 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1981
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.12
PROPERTY LISTING DETAILS
1.404.915.4412
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6853370
Last Updated: 03/13/2021
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.
