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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $162.29
- 2 Days on Market
- MLS # : 6834312
- Updated Date : 01/30/2021 at 21:52
CONSTRUCTION
- Beds : 3
- Floor Size : 1,294 sqft
- Baths : 1 full
Listing Agent's Description
Location, location, location..... so close to school, shopping, parks. All brick home with new flooring and interior paint. Large eat-in kitchen with room plenty of room for family meals. Two living spaces. The family room as you enter the home from the front door and the den has wood burning stove with exterior entry to the side yard. Fenced in back yard. HVAC replaced in 2020. Septic serviced in 2019. Roof replace in 2015.
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: 30028
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30028
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$729 |
| Property Tax | -$173 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$257
|
||
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.
$210,000
PROJECTED PRICE
$1,330
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.7% |
| 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
$61,400
LOAN DETAILS
$729
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
11.25
YEARS SAVED
$35,500
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,346
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
1955 Carla Drive Cumming, GA 1
- 3 beds 1 baths ∙ 1,294 Sqft ∙ Built 1975 3 beds 1 baths ∙ 1,294 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $1,330
- $1.03
-
3326 Aaron Sosebee Road Cumming, GA 2
- 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1966
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,390
- $1.02
-
3195 Aintree Chase Cumming, GA 3
- 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1993
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,475
- $0.95
-
1975 Tomahawk Lane Cumming, GA 4
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1990
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,500
- $1.15
PROPERTY LISTING DETAILS
1.706.525.0912
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6834312
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.
