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3970 Stillwater Drive Duluth, GA 30096

3 Beds 2 Baths 1,748 sqft Built 1995

$178,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $101.83
  • 7 Days on Market
  • MLS # : 6826618
  • Updated Date : 01/13/2021 at 08:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,748 sqft
  • Baths : 2 full
Listing Agent's Description

Location Location! Conveniently located with easy access to I-85. Come home to this gorgeous three bedroom two bath, single floor living with no stairs. Open Floor plan with spacious bedrooms and a private Deck. Low property maintenance, will not last long!!!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 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
 

$160,200$195,800$178,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$618
Property Tax -$217
Property Insurance -$61
HOA -$200
Property Management Fees -$119
CASH FLOW
$215

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.

$178,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.80%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,920

INVESTMENT

$52,920

Down Payment
$44,500
Rehab Estimate
$5,750
Closing Costs
$2,670

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$618

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $44,500
Loan Amount $133,500
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$21,531

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,569

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4303$1,4504$1,5005$1,650
$1,650
RENT COMPS ANALYSIS
  • 3970 Stillwater Drive Duluth, GA 2
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.82
    •  
  • 980 Heritage Valley Road Norcross, GA 1
    • 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1985
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 1394 Strasbourg Court Norcross, GA 3
    • 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1988
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 1479 Millstream Trail Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 1,632 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,632 Sqft ∙ Built 1987
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 4004 Oak Glenn Drive Duluth, GA 5
    • 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 1996
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kelly Kim
1.678.464.4929
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6826618
Last Updated: 01/13/2021
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. © 2017 First Multiple Listing Service, Inc.

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