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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $165.86
- 3 Days on Market
- MLS # : 6842829
- Updated Date : 02/20/2021 at 12:24
CONSTRUCTION
- Beds : 4
- Floor Size : 2,592 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Former Model of Neighborhood featuring 4 side brick w/upgrades in Peachtree Ridge High School District. Hardwoods throughout main level w/formal living room, dining room, eat-in-kitchen w/granite counter tops and stainless steel appliances w/view to family room w/fpl. Generous Master bedroom suite and large secondary bedrooms all in neighborhood close to schools, shops, and Interstate -85.
SEE MORE
- 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)
- 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)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Zip Code: 30097
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30097
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,493 |
| Property Tax | -$524 | |
| Property Insurance | -$77 | |
| HOA | -$46 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$99
|
||
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.
$429,900
PROJECTED PRICE
$2,160
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.6% |
| 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
$119,674
LOAN DETAILS
$1,493
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,475 |
| Loan Amount | $322,425 |
3.42
YEARS SAVED
$12,328
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,164
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2899 Westvale Drive Duluth, GA 3
- 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,160
- $0.83
-
3078 Savannah Walk Lane Suwanee, GA 1
- 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 1999
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,800
- $0.79
-
2860 Olde Savannah Cove Suwanee, GA 2
- 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 1997
LEASED 10/10/20- Rent
- Rent Per SQFT
- $1,950
- $0.86
-
1490 Oglethorpe Run Lane Suwanee, GA 4
- 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1996
LEASED 06/28/20- Rent
- Rent Per SQFT
- $2,200
- $0.86
-
1775 Brookside Elm Drive Duluth, GA 5
- 4 beds 4 baths ∙ 2,775 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,775 Sqft ∙ Built 2016
LEASED 05/19/20- Rent
- Rent Per SQFT
- $2,300
- $0.83
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842829
Last Updated: 02/20/2021
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.
