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4157 Howell Ferry Road Duluth, GA 30096

3 Beds 3 Baths 2,779 sqft Built 1981

$350,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $125.94
  • 2 Days on Market
  • MLS # : 6813360
  • Updated Date : 11/28/2020 at 18:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,779 sqft
  • Baths : 3 full
Listing Agent's Description

RESORT-STYLE LIVING IN DULUTH! STEPS TO BERKELEY LAKE! You’ll fall in love with this Entertainment Paradise including a wonderful spacious Open Floor Plan flooded with Natural Light and fabulous views of a Private, Level, Park-like Fenced Backyard complete with an Inground Pool, huge Pool Deck, Patio Lounge, Outdoor Grilling Area, Fire Pit, brand New Deck (currently under construction) and so much more! Inside, the Heart of this Home is the perfect place for entertaining family and friends, or simply relaxing after a long day.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Berkeley Lake Elementary School Primary Regular 1,148 73 7
Duluth Middle School Middle Regular 2,039 117 7
Duluth High School High Regular 2,675 142 7

Berkeley Lake Elementary School

  • Education Level: Primary
  • # of students: 1,148
  • # of teachers: 73
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,291
Property Tax -$381
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
-$33

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.

$350,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.53%

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$1.2M

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,702

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,7953$1,8004$1,8405$1,900
$1,900
RENT COMPS ANALYSIS
  • 4157 Howell Ferry Road Duluth, GA 4
    • 3 beds 3 baths ∙ 2,779 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,779 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.66
    •  
  • 3663 Willgrove Way Se Duluth, GA 1
    • 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 1999
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.58
    •  
  • 3422 Drawbridge Terrace Duluth, GA 2
    • 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 1999
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.60
    •  
  • 3357 Willbrooke Court Duluth, GA 3
    • 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 1999
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.64
    •  
  • 3519 Drawbridge Court Duluth, GA 5
    • 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 1998
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.63
    •  
PROPERTY LISTING DETAILS
John B Organ
1.770.313.7773
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813360
Last Updated: 11/28/2020
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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