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6405 Barwick Lane Duluth, GA 30097

3 Beds 3 Baths 2,752 sqft Built 1993

$415,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $150.80
  • 7 Days on Market
  • MLS # : 6809274
  • Updated Date : 11/18/2020 at 14:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,752 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautifully renovated home in highly sought after John’s Creek neighborhood. Walk into your new home through gorgeous double French doors onto beautiful ceramic tile floors.  Plantation shutters throughout, new double insulated vinyl siding. 125K in upgrades to backyard w/ incredible oversized sunroom.  Updated kitchen w/ new cabinets, Remodeled bathrooms – master features soft close cabinets and leather top granite counters, custom built closets, newer roof and HVAC, Top rated schools!!

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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Enclave at Foxdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: The Enclave at Foxdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9733324

* 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
Wilson Creek Elementary School Primary Regular 792 47 9
River Trail Middle School Middle Regular 1,405 95 9
Northview High School High Regular 1,922 102 9

Wilson Creek Elementary School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 47
9
GreatSchools Rating

River Trail Middle School

  • Education Level: Middle
  • # of students: 1,405
  • # of teachers: 95
9
GreatSchools Rating

Northview High School

  • Education Level: High
  • # of students: 1,922
  • # of teachers: 102
9
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,531
Property Tax -$357
Property Insurance -$80
HOA -$38
Property Management Fees -$119
CASH FLOW
-$35

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$415,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$21,866

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,270

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,1003$2,1754$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 6405 Barwick Lane Duluth, GA 1
    • 3 beds 3 baths ∙ 2,752 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,752 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.76
    •  
  • 6370 Barwick Lane Duluth, GA 2
    • 3 beds 3 baths ∙ 2,604 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,604 Sqft ∙ Built 1994
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
  • 6535 Ganton Drive Duluth, GA 3
    • 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 1995
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.77
    •  
  • 6500 Ganton Drive Johns Creek, GA 4
    • 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1996
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 11020 Glenhurst Pass Duluth, GA 5
    • 4 beds 4 baths ∙ 2,804 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,804 Sqft ∙ Built 1997
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mark Spain
1.770.886.9000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6809274
Last Updated: 11/18/2020
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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