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4465 Ansley Lane Cumming, GA 30040

3 Beds 3 Baths 1,764 sqft Built 1994

$313,400

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $177.66
  • 3 Days on Market
  • MLS # : 6825860
  • Updated Date : 01/09/2021 at 15:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,764 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Fantastic value in sought after Sweetbriar subdivision! Perfect cul de sac location with huge flat (and private....) backyard! Rocking chair front porch adds to the charm of this southern style charmer. Tons of very recent updates include: NEW kitchen cabinets, granite, tile backsplash and stainless appliances. NEW HVAC, NEW water heater, NEW deck, NEW carpet & Interior Paint (Agreeable Grey) 2021, NEW LVP flooring on main level PLUS roof replaced in 2018! Spacious fireside family room offers tons of natural light and a view to the fully renovated eat-in kitchen!

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).
  • #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)
  • 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: 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
Sawnee Elementary School Primary Regular 1,233 81 7
Liberty Middle School Middle Regular 984 58 8
West Forsyth High School High Regular 2,362 126 8

Sawnee Elementary School

  • Education Level: Primary
  • # of students: 1,233
  • # of teachers: 81
7
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 984
  • # of teachers: 58
8
GreatSchools Rating

West Forsyth High School

  • Education Level: High
  • # of students: 2,362
  • # of teachers: 126
8
GreatSchools Rating
 

$282,060$344,740$313,400

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,089
Property Tax -$258
Property Insurance -$61
HOA -$48
Property Management Fees -$119
CASH FLOW
$105

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.

$313,400

PROJECTED PRICE

$1,680

PROJECTED RENT

0.54%

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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,801

INVESTMENT

$88,801

Down Payment
$78,350
Rehab Estimate
$5,750
Closing Costs
$4,701

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,089

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,350
Loan Amount $235,050
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$24,182

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,579

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6803$1,7854$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 4465 Ansley Lane Cumming, GA 2
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.95
    •  
  • 3603 Ryans Bluff Road Cumming, GA 1
    • 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,745 Sqft ∙ Built 1992
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
  • 4610 Canterbury Way Cumming, GA 3
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 1991
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.87
    •  
  • 4940 Ansley Lane Cumming, GA 4
    • 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1997
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 4350 Cadmium Drive Cumming, GA 5
    • 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 2011
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kimberly Tordik
1.678.858.7158
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825860
Last Updated: 01/09/2021
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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