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2360 Leaf Land Drive Duluth, GA 30097

3 Beds 3 Baths 1,662 sqft Built 1983

$264,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $159.39
  • 2 Days on Market
  • MLS # : 6829063
  • Updated Date : 01/16/2021 at 21:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,662 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Fully renovated home at a great price in Duluth / Peachtree Ridge. Bathrooms and kitchen updated, stainless appliances. No carpet in the home: hardwood, tile and laminate only. Large fenced back yard with deck and outbuildings is perfect for entertaining. 1 year old roof and newer insulated windows. Hurry this one won't last.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Duluth

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k437k

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

Neighborhood: Duluth

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732417

* 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
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$920
Property Tax -$323
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$29

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.

$264,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$14,417

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,537

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6003$1,6504$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 2360 Leaf Land Drive Duluth, GA 1
    • 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 2935 Norman Circle Duluth, GA 2
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1978
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 1728 Woodfire Court Suwanee, GA 3
    • 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 1985
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 3930 Lake Lanier Drive Duluth, GA 4
    • 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 1996
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 4132 Divot Way Duluth, GA 5
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2002
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
PROPERTY LISTING DETAILS
Stephen Bing
1.770.605.0596
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6829063
Last Updated: 01/16/2021
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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