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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $135.19
- 4 Days on Market
- MLS # : 6815263
- Updated Date : 12/18/2020 at 13:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,552 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Beautiful move in ready unique floorplan in the Summit section of highly sought after Riverbrooke! Updated with new windows and gutters with gutter guards, new paint inside and out, new water heater, appliances and lighting. Welcoming front entry into this dramatic two story foyer. Spacious open concept living! Not your everyday floorplan. Formal living room with vaulted ceiling and wide staircase leading you to the overlooking dining room. Convenient wine/coffee bar perfect for entertaining. Large family room with fireplace and bookshelves, open to the oversized
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 | $1,940 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$376 | |
| Property Insurance | -$76 | |
| HOA | -$48 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$47
|
||
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.
$345,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.56%
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
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
5.42
YEARS SAVED
$23,578
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,946
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
2650 River Summit Drive Duluth, GA 4
- 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,940
- $0.76
-
2173 Soque River Drive Duluth, GA 1
- 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1998
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,790
- $0.75
-
2628 Hooch Court Duluth, GA 2
- 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2002
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.75
-
2143 Soque River Drive Duluth, GA 3
- 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 1998
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,900
- $0.76
-
3937 Toccoa Falls Drive Duluth, GA 5
- 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1998
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,990
- $0.79
PROPERTY LISTING DETAILS
1.404.213.5534
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6815263
Last Updated: 12/18/2020
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.
