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120 Croftwood Court Duluth, GA 30097

4 Beds 3 Baths 2,759 sqft Built 1994

$499,999

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $181.22
  • 3 Days on Market
  • MLS # : 6913370
  • Updated Date : 07/13/2021 at 15:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,759 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This home is located in the sought after "Laurelwood" Subdivision. This is the home, you've been waiting for. This home features 4 bedrooms, 2.5 bathrooms! 1 Bedroom on the main , along with a bathroom! 3 additional bedrooms located on the upper level of the home! Kitchen opens up to Great room! Swim/Tennis HOA Community! Full basement! Excellent location! Great School system, close to great dining options, entertainment!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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

Neighborhood: Laurelwood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: Laurelwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733324

* 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
Shakerag Elementary School Primary Regular 834 50 8
River Trail Middle School Middle Regular 1,405 95 9
Northview High School High Regular 1,922 102 9

Shakerag Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 50
8
GreatSchools Rating

River Trail Middle School

  • Education Level: Middle
  • # of students: 1,405
  • # of teachers: 95
9
GreatSchools Rating

Northview High School

  • Education Level: High
  • # of students: 1,922
  • # of teachers: 102
9
GreatSchools Rating
 

$449,999$549,999$499,999

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,737
Property Tax -$430
Property Insurance -$80
HOA -$54
Property Management Fees -$119
CASH FLOW
-$211

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$499,999

PROJECTED PRICE

$2,210

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$10,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,214

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2104$2,2505$2,500
$2,500
RENT COMPS ANALYSIS
  • 120 Croftwood Court Duluth, GA 3
    • 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.80
    •  
  • 7185 Threadstone Overlook Johns Creek, GA 1
    • 4 beds 5 baths ∙ 2,753 Sqft ∙ Built 1992 4 beds 5 baths ∙ 2,753 Sqft ∙ Built 1992
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 210 Henley Place Johns Creek, GA 2
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1999
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 7045 Threadstone Overlook Johns Creek, GA 4
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1992
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
  • 7280 Devonhall Way Johns Creek, GA 5
    • 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 1993
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Nicole Jennings
1.404.493.5164
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913370
Last Updated: 07/13/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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