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4720 Roseman Trail Cumming, GA 30040

3 Beds 2 Baths 1,810 sqft Built 2013

$274,800

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $151.82
  • 3 Days on Market
  • MLS # : 6828561
  • Updated Date : 01/16/2021 at 10:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,810 sqft
  • Baths : 2 full
Listing Agent's Description

OPEN HOUSE JAN 17th 2-4pm Pride in ownership is on display in this meticulously maintained, pristine home in sought after community. Looks can be deceiving in this sprawling open concept hard to find ranch home with an abundance of space. Upon entry you are greeted with gleaming wood floors, a huge den/office/bonus area and oversized formal dining room with gorgeous coffered ceilings. The upgraded eat-in kitchen features high ceilings, gas range, granite counters and view to family room. The master suite has it all with a spacious bath and large walk-in closet.

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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)

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
 

$247,320$302,280$274,800

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$954
Property Tax -$226
Property Insurance -$62
HOA -$38
Property Management Fees -$119
CASH FLOW
$270

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.

$274,800

PROJECTED PRICE

$1,670

PROJECTED RENT

0.61%

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,572

INVESTMENT

$78,572

Down Payment
$68,700
Rehab Estimate
$5,750
Closing Costs
$4,122

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$954

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,700
Loan Amount $206,100
See What Happens When You Reinvest Cash Flow

9.83

YEARS SAVED

$39,289

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,679

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,6803$1,7154$1,7205$1,725
$1,725
RENT COMPS ANALYSIS
  • 4720 Roseman Trail Cumming, GA 1
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.92
    •  
  • 4145 Arch Pass Cumming, GA 2
    • 3 beds 3 baths ∙ 1,706 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,706 Sqft ∙ Built 2007
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.98
    •  
  • 3905 Kesler Court Cumming, GA 3
    • 3 beds 3 baths ∙ 1,891 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,891 Sqft ∙ Built 2005
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $0.91
    •  
  • 3816 Humber Court Cumming, GA 4
    • 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2012
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.90
    •  
  • 3940 New Salem Court Cumming, GA 5
    • 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2005
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.92
    •  
PROPERTY LISTING DETAILS
Kelly Arzabe
1.678.667.6385
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828561
Last Updated: 01/16/2021
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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