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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $121.04
- 4 Days on Market
- MLS # : 6827925
- Updated Date : 01/15/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,272 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Incredible Forsyth County location! Close to 400, and all shopping, dining, entertainment, Northside Hospital, Lake Lanier, public boat ramps, public beach, and the great schools that Forsyth County has to offer! Great neighborhood with swim/tennis. 4 bedrooms, 2 1/2 baths, screened porch sitting. Great floor plan and awesome master suite. Warm beautiful PINE flooring throughout on both floors. Window blinds included. New paint inside. Note: Kitchen and baths have not been updated. Exterior siding must be replaced and then painted to satisfy HOA. Decks and retaining
SEE MORE
- #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: 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 | $1,910 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$229 | |
| Property Insurance | -$71 | |
| HOA | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$482
|
||
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.
$275,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.69%
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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
13.25
YEARS SAVED
$58,298
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,924
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2045 Sweetgum Trail Cumming, GA 2
- 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $1,910
- $0.84
-
1525 Victoria Walk Cumming, GA 1
- 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1996
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,900
- $0.79
-
850 Timber Lake Trail Cumming, GA 3
- 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,282 Sqft ∙ Built 1995
![property image]()
LEASED 07/09/20- Rent
- Rent Per SQFT
- $2,000
- $0.88
-
1515 Loblolly Lane Cumming, GA 4
- 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 1993
![property image]()
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,200
- $0.87
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6827925
Last Updated: 01/15/2021
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.
