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2540 Bagley Road Cumming, GA 30041

5 Beds 4 Baths 2,893 sqft Built 2001

$475,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $164.19
  • 4 Days on Market
  • MLS # : 6831098
  • Updated Date : 01/22/2021 at 11:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,893 sqft
  • Baths : 4 full
Listing Agent's Description

Drive along Bagley Road with horse fencing and stone pillars with gas lanterns you immediately will feel the charm of this unexpected special development. Immaculately maintained by the original owner, this 3 sided brick sits on a generous sized fully landscaped lot. Master suite plus an additional bedroom with bath on the main level. Work from home? The formal living would make a great home office. Entertain in the elegant formal dining room or gather in the spacious casual dining area with adjoining two story great room overlooking the manicured gardens in back.

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

PRICE & RENT TRENDS

Zip Code: 30041

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k391k

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

Zip Code: 30041

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732079

* 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
Sharon Elementary School Primary Regular 1,075 55 8
South Forsyth Middle School Middle Regular 1,193 66 9
South Forsyth High School High Regular 2,693 151 9

Sharon Elementary School

  • Education Level: Primary
  • # of students: 1,075
  • # of teachers: 55
8
GreatSchools Rating

South Forsyth Middle School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 66
9
GreatSchools Rating

South Forsyth High School

  • Education Level: High
  • # of students: 2,693
  • # of teachers: 151
9
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,650
Property Tax -$408
Property Insurance -$83
HOA -$27
Property Management Fees -$119
CASH FLOW
-$16

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.

$475,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$22,227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,249

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2704$2,3955$2,600
$2,600
RENT COMPS ANALYSIS
  • 2540 Bagley Road Cumming, GA 3
    • 5 beds 4 baths ∙ 2,893 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,893 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.78
    •  
  • 2925 Bentbill Crossing Cumming, GA 1
    • 4 beds 4 baths ∙ 2,787 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,787 Sqft ∙ Built 2006
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 2910 Harbor Creek Court Cumming, GA 2
    • 5 beds 4 baths ∙ 2,872 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,872 Sqft ∙ Built 2000
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 2645 Sentinel Chase Way Cumming, GA 4
    • 5 beds 4 baths ∙ 3,084 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,084 Sqft ∙ Built 2013
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.78
    •  
  • 345 Andelle Avenue Suwanee, GA 5
    • 4 beds 4 baths ∙ 3,227 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,227 Sqft ∙ Built 2011
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.81
    •  
PROPERTY LISTING DETAILS
Sue L Jones
1.770.654.7193
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6831098
Last Updated: 01/22/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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