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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $121.51
- 3 Days on Market
- MLS # : 6834099
- Updated Date : 01/30/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,790 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
Beautiful 4 side brick Home in great Swim/Tennis & lake Community. Walking distance to Bunten Rd Park and only a few minutes from the restaurants and shops of Downtown Duluth. Don't miss this well cared for home located in top rated Peachtree Ridge High school district. Big corner lot with driveways on both streets. Extra spacious Master Suite with fireplace. Harwood floors throughout the entire home! In-law suite on main floor. Updated Kitchen with granite C'tops & Stylish Backsplash, breakfast area. Partial basement with independent driveway access and garage door.
SEE MORE
- #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)
- Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (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).
- 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 World’s Busiest Airport(Airports Council International, 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 | $1,840 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$369 | |
| Property Insurance | -$81 | |
| HOA | -$29 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$64
|
||
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.
$339,000
PROJECTED PRICE
$1,840
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
$95,585
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
5.5
YEARS SAVED
$20,516
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,944
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
2618 Kensington Drive Duluth, GA 2
- 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 1974 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,840
- $0.66
-
2812 Old Coach Road Duluth, GA 1
- 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 1985
LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,760
- $0.62
-
2891 Cardinal Lake Drive Duluth, GA 3
- 5 beds 2 baths ∙ 2,448 Sqft ∙ Built 1963 5 beds 2 baths ∙ 2,448 Sqft ∙ Built 1963
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,900
- $0.78
-
3940 Longlake Drive Duluth, GA 4
- 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 1992
LEASED 07/22/20- Rent
- Rent Per SQFT
- $2,100
- $0.69
PROPERTY LISTING DETAILS
1.404.476.8171
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6834099
Last Updated: 01/30/2021
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.
