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2811 Old Coach Road Duluth, GA 30096

4 Beds 3 Baths 2,498 sqft Built 1985

$335,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $134.11
  • 4 Days on Market
  • MLS # : 6825047
  • Updated Date : 01/08/2021 at 09:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,498 sqft
  • Baths : 3 full
Listing Agent's Description

Look no further. This home is what you have been looking for. Unique & quality updates such as a Tubular Skylight, Stunning Glass Fireplace, and all 23 windows in the home are brand new. This 4 bedroom home features a chef's kitchen with Bosch appliances, Touch Delta Faucets, and bright white cabinets along with picture windows and custom window coverings. The screened-in porch overlooks your private and level backyard. The HOA is optional. Nearby Downtown Duluth and Walking Trails. Highest & Best Due by 5pm on Sunday Jan 10th.

SEE MORE

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).
  • #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)
  • 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

Neighborhood: Duluth

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k330k

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

Neighborhood: Duluth

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732417

* 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
Chattahoochee Elementary School Primary Regular 1,248 79 9
Coleman Middle School Middle Regular NA
Duluth High School High Regular 2,675 142 7

Chattahoochee Elementary School

  • Education Level: Primary
  • # of students: 1,248
  • # of teachers: 79
9
GreatSchools Rating

Coleman Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Duluth High School

  • Education Level: High
  • # of students: 2,675
  • # of teachers: 142
7
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,164
Property Tax -$365
Property Insurance -$75
HOA -$38
Property Management Fees -$119
CASH FLOW
$209

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.

$335,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$33,405

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,948

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9703$1,9754$1,9905$1,995
$1,995
RENT COMPS ANALYSIS
  • 2811 Old Coach Road Duluth, GA 2
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.79
    •  
  • 2628 Hooch Court Duluth, GA 1
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 2002
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 3955 Carriage Gate Drive Duluth, GA 3
    • 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 1985
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.86
    •  
  • 3937 Toccoa Falls Drive Duluth, GA 4
    • 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1998
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.79
    •  
  • 2544 Niblick Way Duluth, GA 5
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2003
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
PROPERTY LISTING DETAILS
Amy Fuchs
1.404.439.1031
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825047
Last Updated: 01/08/2021
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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