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2550 Marsha Circle Cumming, GA 30041

4 Beds 4 Baths 2,241 sqft Built 1985

$325,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $145.02
  • 5 Days on Market
  • MLS # : 6827579
  • Updated Date : 01/14/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,241 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Unique property with private spring fed pond and 1.18 acres of privacy. Fabulous wildlife including deer, water birds & other critters. Basement has an 1br apartment that can be rented out or used for extra storage.

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MARKET HIGHLIGHTS

  • #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

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
Haw Creek Elementary School Primary Regular 949 54 8
Lakeside Middle School Middle Regular 1,118 65 8
South Forsyth High School High Regular 2,693 151 9

Haw Creek Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 54
8
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 65
8
GreatSchools Rating

South Forsyth High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,129
Property Tax -$268
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$144

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.

$325,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$29,062

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,8503$1,8904$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 2550 Marsha Circle Cumming, GA 1
    • 4 beds 4 baths ∙ 2,241 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,241 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.77
    •  
  • 2160 Vistoria Drive Cumming, GA 2
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 2825 Stratfield Court Cumming, GA 3
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1990
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.92
    •  
  • 2175 Vistoria Drive Cumming, GA 4
    • 5 beds 3 baths ∙ 2,310 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,310 Sqft ∙ Built 2005
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 2016 Vistoria Drive Cumming, GA 5
    • 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
PROPERTY LISTING DETAILS
Mark Spain
1.770.886.9000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827579
Last Updated: 01/14/2021
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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