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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $120.00
- 4 Days on Market
- MLS # : 6839373
- Updated Date : 02/13/2021 at 13:45
CONSTRUCTION
- Beds : 3
- Floor Size : 2,500 sqft
- Baths : 2 full
Listing Agent's Description
Tree-Lined Escape! This handsome home sits on a Large .7 Acre Lot bordered by James Creek. An inviting Front Porch welcomes you into a Foyer Entryway. Hardwood Floors lead into a Bay Window Breakfast Room. Stainless Steel Appliance shine in the Updated Galley Kitchen with Custom Cabinetry. A Spacious Family Room with Brick Fireplace and adjoining Dining Room offers the perfect place to entertain and unwind. A Main-Level Owner's Suite delivers Newly Renovated Bathroom and Private Balcony Retreat! Two Additional Bedrooms offer Flex Living Options. Downstairs, a Finished
SEE MORE
- 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)
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30041
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30041
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$247 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$317
|
||
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.
$300,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.4% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
10.42
YEARS SAVED
$46,072
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$2,131
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
3140 Sharon Circle Cumming, GA 1
- 3 beds 2 baths ∙ 2,500 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,500 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $1,800
- $0.72
-
4110 Chestnut Springs Court Cumming, GA 2
- 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1995
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LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,850
- $0.82
-
1790 Vinery Avenue Cumming, GA 3
- 3 beds 3 baths ∙ 2,388 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,388 Sqft ∙ Built 2002
![property image]()
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,950
- $0.82
-
3280 Warbler Way Cumming, GA 4
- 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2006
![property image]()
LEASED 02/15/20- Rent
- Rent Per SQFT
- $2,100
- $0.83
-
1560 Broadhempston Court Cumming, GA 5
- 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2002
![property image]()
LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,400
- $0.94
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6839373
Last Updated: 02/13/2021
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.
