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3204 Harlstone Drive Duluth, GA 30096

4 Beds 3 Baths 2,086 sqft Built 2004

$279,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $134.18
  • 1 Days on Market
  • MLS # : 6803862
  • Updated Date : 11/03/2020 at 01:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,086 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Location! Location! Location! easy access to 85 within 5 minutes, near by all major shopping, restaurants and groceries stores. Gorgeous home, MOVE-IN-CONDITION. Front brick, it offers you with foyer, separate dining room, family room with open concept connected to kitchen and breakfast nook. Beautiful stain kitchen cabinets, and island, stainless steal, decorative title in kitchen with half bath for guest use, and new interior paint. Second level offers you with 4 bedrooms and 2 full baths. Private back yard. Make it your home today!!!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30096

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $103k330k

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

Zip Code: 30096

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732087

* 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
Ferguson Elementary School Primary Regular 962 74 5
Louise Radloff Middle School Middle Regular 1,833 117 5
Meadowcreek High School High Regular 3,548 172 3

Ferguson Elementary School

  • Education Level: Primary
  • # of students: 962
  • # of teachers: 74
5
GreatSchools Rating

Louise Radloff Middle School

  • Education Level: Middle
  • # of students: 1,833
  • # of teachers: 117
5
GreatSchools Rating

Meadowcreek High School

  • Education Level: High
  • # of students: 3,548
  • # of teachers: 172
3
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,033
Property Tax -$341
Property Insurance -$67
HOA -$65
Property Management Fees -$119
CASH FLOW
$65

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.

$279,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$17,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,684

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6903$1,7004$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 3204 Harlstone Drive Duluth, GA 2
    • 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.81
    •  
  • 3402 Briaroak Drive Duluth, GA 1
    • 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 3184 Harlstone Drive Duluth, GA 3
    • 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2004
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 3174 Harlstone Drive Duluth, GA 4
    • 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2004
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 3159 Harlstone Drive Duluth, GA 5
    • 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
PROPERTY LISTING DETAILS
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803862
Last Updated: 11/03/2020
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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