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3650 Sawmill Court Cumming, GA 30040

4 Beds 3 Baths 2,860 sqft Built 2008

$442,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $154.55
  • 5 Days on Market
  • MLS # : 6844073
  • Updated Date : 02/27/2021 at 21:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,860 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

HERE IT IS. Don't miss this adorable, like a model home. Miss Clean lives here. So well maintained /like new. Chef Kitchen with breakfast bar and breakfast room. It over looks large 2 story family room with French doors to outside patio. Entertain in your separate dining room or enjoy your morning coffee in the large sunroom. Master suite on main is big enough for sitting area. His and her closets lead into a wonderful master spa. Upstairs you have two large bedrooms with a full bath.

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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30040

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k328k

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

Zip Code: 30040

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Whitlow Elementary School Primary Regular 1,140 79 7
Otwell Middle School Middle Regular 1,159 73 7
Forsyth Central High School High Regular 1,941 116 7

Whitlow Elementary School

  • Education Level: Primary
  • # of students: 1,140
  • # of teachers: 79
7
GreatSchools Rating

Otwell Middle School

  • Education Level: Middle
  • # of students: 1,159
  • # of teachers: 73
7
GreatSchools Rating

Forsyth Central High School

  • Education Level: High
  • # of students: 1,941
  • # of teachers: 116
7
GreatSchools Rating
 

$397,800$486,200$442,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,535
Property Tax -$364
Property Insurance -$82
HOA -$33
Property Management Fees -$119
CASH FLOW
-$164

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.

$442,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,880

INVESTMENT

$122,880

Down Payment
$110,500
Rehab Estimate
$5,750
Closing Costs
$6,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,535

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,500
Loan Amount $331,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,052

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$1,9704$1,9955$2,400
$2,400
RENT COMPS ANALYSIS
  • 3650 Sawmill Court Cumming, GA 3
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.69
    •  
  • 3975 Village Estates Court Cumming, GA 1
    • 5 beds 3 baths ∙ 3,020 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,020 Sqft ∙ Built 2006
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.61
    •  
  • 1620 Independence Trail Cumming, GA 2
    • 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 2005
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.70
    •  
  • 5430 Delmonte Drive Cumming, GA 4
    • 4 beds 4 baths ∙ 2,621 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,621 Sqft ∙ Built 2009
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
  • 1020 Patriot Trail Cumming, GA 5
    • 5 beds 3 baths ∙ 3,012 Sqft ∙ Built 2014 5 beds 3 baths ∙ 3,012 Sqft ∙ Built 2014
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
PROPERTY LISTING DETAILS
Nancy Ryan
1.678.386.2838
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6844073
Last Updated: 02/27/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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