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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $128.50
- 2 Days on Market
- MLS # : 6808408
- Updated Date : 11/14/2020 at 10:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,000 sqft
- Baths : 2 full
Listing Agent's Description
Awesome Turnkey Ranch Home on Acreage! Beautiful, well kept home in a quiet cul de sac! Be the first to see it or you might not get to see it at all! Master on the main floor has a giant walk-in shower and large separate sitting area. Open concept kitchen with solid surface counters flows straight into the living room. Grill out and hang out on your patio in your giant park-like back yard. Bonus bedroom above the garage is perfect place for your loudest child to have their own domain or make it an office or playroom.
SEE MORE
- 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: 30028
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30028
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$948 |
| Property Tax | -$212 | |
| Property Insurance | -$66 | |
| HOA | -$15 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$291
|
||
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.
$257,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,855
LOAN DETAILS
$948
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,250 |
| Loan Amount | $192,750 |
10.67
YEARS SAVED
$48,016
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,633
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
5875 Millstone Drive Cumming, GA 2
- 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,650
- $0.83
-
4505 Chaney Court Cumming, GA 1
- 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2017
LEASED 10/23/19- Rent
- Rent Per SQFT
- $1,600
- $0.81
-
5445 Fieldfreen Drive Cumming, GA 3
- 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2006
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,700
- $0.78
-
4950 Bucknell Trace Cumming, GA 4
- 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2014
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,005
- $0.86
PROPERTY LISTING DETAILS
1.478.494.1648
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6808408
Last Updated: 11/14/2020
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.
