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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $145.80
- 3 Days on Market
- MLS # : 6820474
- Updated Date : 12/19/2020 at 08:00
CONSTRUCTION
- Beds : 6
- Floor Size : 2,812 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
Beautiful Lakeview Home in sought after Riverbrooke Subdivison. Home is well taken care of with a gourmet kitchen beautiful hardwood floors and has many upgrades. Master bedroom has an upgraded steam shower with built in hidden speakers. New insulated garage doors with quiet belt and wifi enabled to access remotely. Full finished basement you can use for the in-law suite with its own private entrance, kitchen and laundry room . Three security cameras in the front and back of home for added safety! Cats on premises ple
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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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).
- #1 World’s Busiest Airport(Airports Council International, 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Neighborhood: Duluth
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Duluth
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,513 |
| Property Tax | -$447 | |
| Property Insurance | -$81 | |
| HOA | -$48 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$8
|
||
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.
$410,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$114,400
LOAN DETAILS
$1,513
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
4.58
YEARS SAVED
$22,462
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$2,156
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
2440 Highbrooke Trail Duluth, GA 4
- 6 beds 4 baths ∙ 2,812 Sqft ∙ Built 1997 6 beds 4 baths ∙ 2,812 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $2,200
- $0.78
-
3644 Willbrooke Run Duluth, GA 1
- 5 beds 3 baths ∙ 3,063 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,063 Sqft ∙ Built 1999
![property image]()
LEASED 04/30/20- Rent
- Rent Per SQFT
- $2,000
- $0.65
-
2404 Delamore Chase Duluth, GA 2
- 5 beds 3 baths ∙ 2,484 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,484 Sqft ∙ Built 2010
![property image]()
LEASED 03/31/20- Rent
- Rent Per SQFT
- $2,150
- $0.87
-
3230 Ainsley Way Duluth, GA 3
- 5 beds 3 baths ∙ 2,826 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,826 Sqft ∙ Built 2017
![property image]()
LEASED 06/24/19- Rent
- Rent Per SQFT
- $2,200
- $0.78
PROPERTY LISTING DETAILS
1.678.643.9280
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820474
Last Updated: 12/19/2020
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.
