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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $170.24
- 2 Days on Market
- MLS # : 6818361
- Updated Date : 12/13/2020 at 00:10
CONSTRUCTION
- Beds : 5
- Floor Size : 2,520 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
Move in ready home just updated from top to bottom in coveted Lauren Hall swim/tennis community. Entire house freshly painted, hardwood floors refinished, carpets shampooed, brand new granite counter tops installed and lighting fixtures upgraded. This airy and spacious home features open floor plans, bright white cabinets and roomy living room for entertaining. Upstairs has 4 bedrooms. Oversized master overlooking quiet wooded backyard. All the secondary bedroom has ceiling fans. Finished basement is an added bonus to turn into a gaming room, den, or home theater.
SEE MORE
- 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)
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30022
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30022
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,583 |
| Property Tax | -$339 | |
| Property Insurance | -$76 | |
| HOA | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$25
|
||
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.
$429,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.4% |
| 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
$119,435
LOAN DETAILS
$1,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,250 |
| Loan Amount | $321,750 |
5.33
YEARS SAVED
$28,436
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,211
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
9865 Lauren Hall Court Alpharetta, GA 2
- 5 beds 4 baths ∙ 2,520 Sqft ∙ Built 1997 5 beds 4 baths ∙ 2,520 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $2,200
- $0.87
-
10055 Lauren Hall Court Alpharetta, GA 1
- 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1997
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,950
- $0.82
-
10140 Lauren Hall Court Alpharetta, GA 3
- 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1997
![property image]()
LEASED 06/09/20- Rent
- Rent Per SQFT
- $2,250
- $0.94
-
3580 Waters Cove Way Alpharetta, GA 4
- 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1990
![property image]()
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,295
- $0.85
-
10150 Lauren Hall Court Alpharetta, GA 5
- 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 1997
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,325
- $0.90
PROPERTY LISTING DETAILS
1.678.431.3836
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6818361
Last Updated: 12/13/2020
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.
