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3814 Humber Court Cumming, GA 30040

4 Beds 3 Baths 2,131 sqft Built 2010

$280,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $131.39
  • 2 Days on Market
  • MLS # : 6829315
  • Updated Date : 01/23/2021 at 07:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,131 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

BRAND NEW LISTING IN BRIDGETOWNE-NEAR SHOPPING AND CONVENIENT TO GEORGIA 400! THIS IMMACULATE CRAFTSMAN STYLE MASTER ON MAIN HOME IS SPACIOUS AND HAS A GREAT LAYOUT! FOUR BEDROOM, TWO AND A HALF BATH HOME WITH A OPTIONAL OFFICE OR COULD BE DINING ROOM PLUS OPEN CONCEPT LOFT UPSTAIRS THAT COULD BE USED FOR SO MANY DIFFERENT THINGS! KITCHEN HAS UPGRADED WHITE CABINETS AND GRANITE COUNTERTOPS. TIRED OF BIG YARDS AND LAWN MAINTENANCE? HERE YOU GO! THIS IS FOR YOU.

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)

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
Coal Mountain Elementary School Primary Regular 643 39 7
North Forsyth Middle School Middle Regular 1,017 58 7
North Forsyth High School High Regular 2,400 138 8

Coal Mountain Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 39
7
GreatSchools Rating

North Forsyth Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 58
7
GreatSchools Rating

North Forsyth High School

  • Education Level: High
  • # of students: 2,400
  • # of teachers: 138
8
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$973
Property Tax -$231
Property Insurance -$68
HOA -$38
Property Management Fees -$119
CASH FLOW
$192

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.

$280,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$30,779

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6203$1,6254$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 3814 Humber Court Cumming, GA 2
    • 4 beds 3 baths ∙ 2,131 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,131 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.76
    •  
  • 3712 Humber Court Cumming, GA 1
    • 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 2010
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.71
    •  
  • 3717 Humber Court Cumming, GA 3
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2011
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.73
    •  
  • 5480 Rialto Way Cumming, GA 4
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2014
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.76
    •  
  • 4285 Arch Pass Cumming, GA 5
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2012
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
PROPERTY LISTING DETAILS
Tara Barnes
1.404.664.7502
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6829315
Last Updated: 01/23/2021
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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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