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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $139.55
- 3 Days on Market
- MLS # : 6833618
- Updated Date : 01/30/2021 at 10:25
CONSTRUCTION
- Beds : 5
- Floor Size : 2,651 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Turnkey home ready to make it yours! There is no wasted space in this house. Plenty of living space w/a formal living room/office & great room, and two areas for dining. Master is on main w/remodeled bath. In fact, most of the home has been upgraded. Wind your way upstairs & behind the door on the landing is a gigantic bonus/bedroom w/new carpet. There are 3 additional bedrooms & bath upstairs as well.
SEE MORE
- #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)
- Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
- Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
- 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)
- #1 World’s Busiest Airport(Airports Council International, 2018)
PRICE & RENT TRENDS
Zip Code: 30041
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30041
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$305 | |
| Property Insurance | -$78 | |
| HOA | -$48 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$185
|
||
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.
$369,958
PROJECTED PRICE
$2,020
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.4% |
| 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
$103,789
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,490 |
| Loan Amount | $277,469 |
7.42
YEARS SAVED
$34,275
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,108
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
1620 Longleaf Trail Cumming, GA 4
- 5 beds 3 baths ∙ 2,651 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,651 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,020
- $0.76
-
2160 Vistoria Drive Cumming, GA 1
- 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2005
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.78
-
1370 Apple Blossom Drive Cumming, GA 2
- 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2014
LEASED 05/24/20- Rent
- Rent Per SQFT
- $1,900
- $0.74
-
1525 Victoria Walk Cumming, GA 3
- 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1996
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,900
- $0.79
-
1515 Loblolly Lane Cumming, GA 5
- 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 1993
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,200
- $0.87
PROPERTY LISTING DETAILS
1.678.232.9553
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6833618
Last Updated: 01/30/2021
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.
