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947 Prestwyck Court Alpharetta, GA 30004

2 Beds 3 Baths 1,280 sqft Built 2005

$225,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $175.78
  • 4 Days on Market
  • MLS # : 6830360
  • Updated Date : 01/23/2021 at 13:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,280 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome home! Beautiful End Unit Townhome close to 400, Halcyon & Avalon premium shops and restaurants. Enjoy your coffee on the charming front porch or entertain on the back patio with lots of green-space. Open floor plan on main with cozy fireplace and tons of natural light. Awesome “split master” floor plan with vaulted ceilings and walk-in closets. Master bath has double vanity & tiled shower/garden tub. Fabulous fresh paint throughout and water heater only 3 years old! Alpharetta address with low Forsyth Taxes.

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

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k447k

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

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732843

* 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
Brandywine Elementary School Primary Regular NA
Desana Middle School Middle Regular NA
Denmark High School High Unknown NA

Brandywine Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Desana Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Denmark High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$782
Property Tax -$195
Property Insurance -$52
HOA -$108
Property Management Fees -$119
CASH FLOW
$205

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.

$225,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$28,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,606

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,5003$1,7004$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 947 Prestwyck Court Alpharetta, GA 1
    • 2 beds 3 baths ∙ 1,280 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,280 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.14
    •  
  • 13426 Aventide Lane Alpharetta, GA 2
    • 2 beds 2 baths ∙ 1,150 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,150 Sqft ∙ Built 1997
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.30
    •  
  • 211 Harmony Court Alpharetta, GA 3
    • 2 beds 3 baths ∙ 1,322 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,322 Sqft ∙ Built 1998
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.29
    •  
  • 3522 Avensong Village Circle Milton, GA 4
    • 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1996
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.19
    •  
  • 13346 Aventide Lane Alpharetta, GA 5
    • 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 1997
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.24
    •  
PROPERTY LISTING DETAILS
Tricia Quidley
1.770.827.6617
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830360
Last Updated: 01/23/2021
support@investimateroi.com

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