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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $149.63
- 2 Days on Market
- MLS # : 6842972
- Updated Date : 02/20/2021 at 19:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,737 sqft
- Baths : 2 full
Listing Agent's Description
Newly updated home in sought after Mason/Hull/P-Ridge District. New flooring, kitchen, roof, paint, you name it! Huge, spacious fenced back yard with a trailer gate and extended driveway. This house is waiting for its next family to call it, home!
SEE MORE
- 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)
- 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).
- #1 World’s Busiest Airport(Airports Council International, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 | $1,620 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$283 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$254
|
||
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.
$259,900
PROJECTED PRICE
$1,620
PROJECTED RENT
0.62%
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
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
9.67
YEARS SAVED
$36,182
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,633
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
2492 Augustus Drive Duluth, GA 3
- 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,620
- $0.93
-
3835 Mason Drive Duluth, GA 1
- 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1972
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,495
- $0.98
-
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
-
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
-
2092 Tallapoosa Drive Duluth, GA 5
- 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 1997
LEASED 01/18/21- Rent
- Rent Per SQFT
- $1,800
- $0.92
PROPERTY LISTING DETAILS
1.770.364.5952
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842972
Last Updated: 02/20/2021
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.
