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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $215.92
- 3 Days on Market
- MLS # : 6842363
- Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,130 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
Renovated home in a quite cul-de-sac which backs up to national forest. High end double entry door, new kitchen granite counter tops with designer backsplash ,new cooktop, new soft close cabinet doors, cabinet refacing, new microwave, new carpet upstairs, new LPV tile on the terrace level, updated light fixtures, new bathroom tile and cabinet, fresh paint inside and outside, updated light fixtures. Beautiful Brazilian Cherry Floors on main level. Walking distance to the Chattahoochee River, minutes to GA400 and historic downtown Roswell.Showings begin Saturday at Noon.
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: River Lake Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: River Lake Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,350 |
| EXPENSES | Loan Payment | -$1,597 |
| Property Tax | -$472 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$93
|
||
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.
$459,900
PROJECTED PRICE
$2,350
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$127,624
LOAN DETAILS
$1,597
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $114,975 |
| Loan Amount | $344,925 |
5.67
YEARS SAVED
$29,802
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,024
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
9615 River Lake Drive Roswell, GA 5
- 4 beds 4 baths ∙ 2,130 Sqft ∙ Built 1981 4 beds 4 baths ∙ 2,130 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $2,350
- $1.10
-
5050 Pattingham Drive Roswell, GA 1
- 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1994
LEASED 02/14/21- Rent
- Rent Per SQFT
- $1,895
- $0.88
-
1000 Melody Lane Roswell, GA 2
- 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,998 Sqft ∙ Built 1968
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,000
- $1.00
-
6135 Pattingham Drive Roswell, GA 3
- 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 1994
LEASED 01/29/21- Rent
- Rent Per SQFT
- $2,000
- $1.03
-
140 Roswell Farms Court Roswell, GA 4
- 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 1980
LEASED 05/18/20- Rent
- Rent Per SQFT
- $2,100
- $0.89
PROPERTY LISTING DETAILS
1.770.365.4865
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842363
Last Updated: 02/20/2021
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.
