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4515 Roseman Trail Cumming, GA 30040

4 Beds 3 Baths 2,228 sqft Built 2012

$325,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $145.87
  • 3 Days on Market
  • MLS # : 6846759
  • Updated Date : 02/26/2021 at 23:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,228 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

4 BEDROOM, 2.5 Bath home is Sought after Bridgetowne Community. This home feature great sized bedrooms and closets and fourth bedroom is oversized with extra space for office/teenagers/playroom etc... The Kitchen had granite countertops, gas oven and open to living room, Fireplace in living room, lots of extra details like Coffered Ceiling in Dining Room, and Trey Ceiling in Master Bedroom. This property is located in the back of neighborhood, so less traffic - Don't miss this one! Make appointment today to come see and make an offer.

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
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,129
Property Tax -$268
Property Insurance -$70
HOA -$38
Property Management Fees -$119
CASH FLOW
$187

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.

$325,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.56%

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$20k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$32,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,805

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8104$1,8505$1,890
$1,890
RENT COMPS ANALYSIS
  • 4515 Roseman Trail Cumming, GA 3
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.81
    •  
  • 4510 Roseman Trail Cumming, GA 1
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2012
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 4285 Arch Pass Cumming, GA 2
    • 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
    •  
  • 5340 Rialto Way Cumming, GA 4
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2014
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 4260 Arch Pass Cumming, GA 5
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2012
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.81
    •  
PROPERTY LISTING DETAILS
Macy Babb
1.404.234.6166
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6846759
Last Updated: 02/26/2021
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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