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930 Kingridge Court Roswell, GA 30075

3 Beds 3 Baths 1,895 sqft Built 1978

$350,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $184.70
  • 3 Days on Market
  • MLS # : 6813315
  • Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,895 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Hard to find ranch with pool in sought after Roswell. Top rated schools. Minutes to historic Roswell. Walk to Roswell High School. 3 bedrooms and 2.5 baths. Spacious and updated kitchen with granite countertops. Sunroom with lots of windows overlooking beautiful salt water pool. Family room with large stone fireplace. Large master bedroom with bath featuring his and her closets, stand up shower and large garden tub. New roof. Move-in ready. Cul-de-sac lot. Owner/Agent

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

Zip Code: 30075

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k409k

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

Zip Code: 30075

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9732575

* 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
Mountain Park Elementary School Primary Regular 855 58 10
Crabapple Middle School Middle Regular 950 69 7
Roswell High School High Regular 2,078 129 8

Mountain Park Elementary School

  • Education Level: Primary
  • # of students: 855
  • # of teachers: 58
10
GreatSchools Rating

Crabapple Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 69
7
GreatSchools Rating

Roswell High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 129
8
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,291
Property Tax -$277
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$169

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.

$350,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.9%
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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$39,324

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,964

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,9003$1,9204$2,095
$2,095
RENT COMPS ANALYSIS
  • 930 Kingridge Court Roswell, GA 3
    • 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,895 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.01
    •  
  • 4720 York Place Ne Roswell, GA 1
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1971
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 1525 River Oak Drive Roswell, GA 2
    • 4 beds 3 baths ∙ 1,736 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,736 Sqft ∙ Built 1995
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.09
    •  
  • 1150 Lyndhurst Way Roswell, GA 4
    • 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 1995
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kellie J Johnson
1.404.391.4492
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813315
Last Updated: 11/28/2020
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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