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2043 Shenley Park Lane Duluth, GA 30097

4 Beds 4 Baths 2,859 sqft Built 2002

$445,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $155.65
  • 5 Days on Market
  • MLS # : 6827648
  • Updated Date : 01/14/2021 at 15:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,859 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Location, Location, Location! Close to Infinite Energy Center, Sugarloaf Mills & all the restaurants and shopping you could ask for. Maintenance free 4 sided brick Ranch. Plantation shutters throughout the interior. Covered Patio, fenced in back yard. *OFFERS DUE BY FRIDAY 1/15/2021 AT 10PM*

SEE MORE

MARKET HIGHLIGHTS

  • #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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30097

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k437k

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

Zip Code: 30097

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732722

* 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
M. H. Mason Elementary School Primary Regular 899 66 8
Hull Middle School Middle Regular 1,275 86 9
Peachtree Ridge High School High Regular 3,211 163 8

M. H. Mason Elementary School

  • Education Level: Primary
  • # of students: 899
  • # of teachers: 66
8
GreatSchools Rating

Hull Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 86
9
GreatSchools Rating

Peachtree Ridge High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 163
8
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,546
Property Tax -$542
Property Insurance -$82
HOA -$75
Property Management Fees -$119
CASH FLOW
-$124

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.

$445,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,2503$2,3004$2,4005$2,575
$2,575
RENT COMPS ANALYSIS
  • 2043 Shenley Park Lane Duluth, GA 1
    • 4 beds 4 baths ∙ 2,859 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,859 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.78
    •  
  • 2553 Harman Park Circle Duluth, GA 2
    • 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2000
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 2879 Gavin Place Duluth, GA 3
    • 5 beds 4 baths ∙ 2,990 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,990 Sqft ∙ Built 1999
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 2270 Northmont Parkway Duluth, GA 4
    • 5 beds 4 baths ∙ 2,971 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,971 Sqft ∙ Built 2012
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.81
    •  
  • 2472 Cannon Farm Trace Duluth, GA 5
    • 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,166 Sqft ∙ Built 2009
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.81
    •  
PROPERTY LISTING DETAILS
Shannon Kirk
1.404.429.2857
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827648
Last Updated: 01/14/2021
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. © 2017 First Multiple Listing Service, Inc.

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