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2975 Abbotts Pointe Drive Duluth, GA 30097

4 Beds 3 Baths 2,008 sqft Built 1992

$295,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $146.91
  • 3 Days on Market
  • MLS # : 6808561
  • Updated Date : 11/14/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,008 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Congrats. You just found your new family home.craftsman style. 4 bedrooms, 2.5 bath. Meticulously maintained and updated by original owner. Curb appeal, mature landscaping, brick front. Fully fenced and private backyard bordering woodlands on the Chattahoochee River. Two gardens, one jasmine arbor where birds' nest and you can watch from your upstairs, oversized master bedroom with cathedral ceilings. In fact, the whole back of the house (both floors) offers natural light and a peaceful woodlands view. Upgraded eat-in kitchen with NEW stainless-steel appliances, NEW

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Duluth

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k437k

* 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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,088
Property Tax -$330
Property Insurance -$66
HOA -$13
Property Management Fees -$119
CASH FLOW
$155

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.

$295,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$32,093

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,857

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,8503$1,9504$1,9755$2,100
$2,100
RENT COMPS ANALYSIS
  • 2975 Abbotts Pointe Drive Duluth, GA 1
    • 4 beds 3 baths ∙ 2,008 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,008 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.88
    •  
  • 4132 Divot Way Duluth, GA 2
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2002
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 4044 Berwick Farm Drive Duluth, GA 3
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 1995
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 3955 Carriage Gate Drive Duluth, GA 4
    • 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
    •  
  • 2635 Niblick Way Duluth, GA 5
    • 5 beds 4 baths ∙ 2,189 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,189 Sqft ∙ Built 2001
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
PROPERTY LISTING DETAILS
Erika C Brown
1.404.784.7844
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808561
Last Updated: 11/14/2020
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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