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3440 Ennfield Lane Duluth, GA 30096

4 Beds 3 Baths 2,334 sqft Built 1997

$319,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $136.68
  • 3 Days on Market
  • MLS # : 6815925
  • Updated Date : 12/05/2020 at 17:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,334 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Virtually brand new 4br/2.5b near downtown Duluth, within 1 mile of Buford Hwy & Pleasant Hill. New wood floors throughout both floors; New cabinets/countertops/SS appliances/fixtures; New plumbing/toilets; New interior & exterior paint (exterior renovation in 2018); New AC/furnace/water heater in 2018; Roof from 2011; Vaulted ceilings in master bedroom; Private back yard; SW facing with plenty of sunshine year round; Two public tennis courts, Swimming pool, Basketball, Playground & Trails in neighborhood

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Harris Elementary School Primary Regular 867 58 7
Duluth Middle School Middle Regular 2,039 117 7
Duluth High School High Regular 2,675 142 7

Harris Elementary School

  • Education Level: Primary
  • # of students: 867
  • # of teachers: 58
7
GreatSchools Rating

Duluth Middle School

  • Education Level: Middle
  • # of students: 2,039
  • # of teachers: 117
7
GreatSchools Rating

Duluth High School

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

$287,100$350,900$319,000

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 -$1,177
Property Tax -$348
Property Insurance -$72
HOA -$63
Property Management Fees -$119
CASH FLOW
-$8

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.

$319,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.55%

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$17,001

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
  • $0.76

    LIST RENT PER SQFT
  • $1,756

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7504$1,7705$2,015
$2,015
RENT COMPS ANALYSIS
  • 3440 Ennfield Lane Duluth, GA 4
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.76
    •  
  • 3187 Wyesham Circle Duluth, GA 1
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2004
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.69
    •  
  • 3339 Benthollow Lane Duluth, GA 2
    • 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 1997
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.75
    •  
  • 3247 Wyesham Circle Duluth, GA 3
    • 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 2004
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 3333 Orono Drive Duluth, GA 5
    • 4 beds 4 baths ∙ 2,521 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,521 Sqft ∙ Built 2015
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $0.80
    •  
PROPERTY LISTING DETAILS
David Wu
1.678.643.1150
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815925
Last Updated: 12/05/2020
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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