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4730 Cabrini Place Cumming, GA 30028

4 Beds 3 Baths 2,592 sqft Built 2014

$329,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $127.28
  • 1 Days on Market
  • MLS # : 6840296
  • Updated Date : 02/14/2021 at 00:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,592 sqft
  • Baths : 3 full
Listing Agent's Description

Beautiful home located in North Forsyth District and minutes to Ga 400. This 2 story 4BR 3BA has private backyard with great outdoor patio for entertaining, Main floor has kitchen woth granite, stainless steel applainces with breakfast room all open to the living room ,bedroom and bath on the main level perfect for guest. Master has shower, soaking tub, large walk in closet. Upstairs has media room/den, oversized bedrooms with lots of storage space throughout. Conveniently located wtih only minutes to schools, shopping and dining in Cumming or Dawson.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)

PRICE & RENT TRENDS

Zip Code: 30028

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k328k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30028

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
Silver City Elementary School Primary Regular 1,095 66 8
North Forsyth Middle School Middle Regular 1,017 58 7
North Forsyth High School High Regular 2,400 138 8

Silver City Elementary School

  • Education Level: Primary
  • # of students: 1,095
  • # of teachers: 66
8
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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,146
Property Tax -$272
Property Insurance -$77
HOA -$42
Property Management Fees -$119
CASH FLOW
$225

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.

$329,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.7%
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$20k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$36,324

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,009

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8504$1,8805$2,200
$2,200
RENT COMPS ANALYSIS
  • 4730 Cabrini Place Cumming, GA 4
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.73
    •  
  • 4705 Marco Lane Cumming, GA 1
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2018
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 4615 Baldwin Drive Cumming, GA 2
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2014
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 5475 Ripken Road Cumming, GA 3
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2015
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 5305 Ripken Road Cumming, GA 5
    • 5 beds 3 baths ∙ 2,688 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,688 Sqft ∙ Built 2015
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Lori Cloud
1.770.380.1443
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6840296
Last Updated: 02/14/2021
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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