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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $166.18
- 3 Days on Market
- MLS # : 6828662
- Updated Date : 01/16/2021 at 13:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,564 sqft
- Baths : 2 full
Listing Agent's Description
Adorable home located in the heart of horse country. Just far enough in the country to be near nature preserves like Sawnee Mountain and yet close enough to be near Alpharetta, 400 and shopping at the Avalon. The home has a relaxed country feel and is overlooking farmland. When you open the carved front open you are met with an oversized foyer with hardwood floors, that could also function as a home office or possibly dining space. The home features a master on the main. The kitchen overlooks a private back yard with a building for storage. The private back yard
SEE MORE
- 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
- 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)
- 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: 30040
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30040
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$212 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$189
|
||
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.
$259,900
PROJECTED PRICE
$1,480
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.3% |
| 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
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
8.67
YEARS SAVED
$30,524
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,486
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
186 Lummus Road Cumming, GA 1
- 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,480
- $0.95
-
4940 Ansley Lane Cumming, GA 2
- 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1997
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
PROPERTY LISTING DETAILS
1.770.843.2243
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6828662
Last Updated: 01/16/2021
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. © 2017 First Multiple Listing Service, Inc.
