Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6680 Waterbury Way Cumming, GA 30040

3 Beds 3 Baths 2,612 sqft Built 1992

$469,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $179.90
  • 39 Days on Market
  • MLS # : 6814550
  • Updated Date : 01/08/2021 at 19:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,612 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This Ranch house is in impeccible condition and located in the desirable Polo Golf & Country Club Community. Vaulted ceiling in the formal living and study/Den. Glass enclosed rear porch with Vaulted ceiling. Fully renovated Master Bath. Large Dining Room with Trey Ceilings. Every bedroom closet has custom cabinets. Level Backyard with fully enclosed fence and patio (new). Built in Book Shelves and top of line Shutters throughout. Includes new double ovens, refrigerator, flooring, carpet, water heater and Trane HVAC. Gas & Electric hookups in Kitchen and Laundry.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 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
Vickery Creek Elementary School Primary Regular 1,194 65 7
Vickery Creek Middle School Middle Regular 1,242 66 9
West Forsyth High School High Regular 2,362 126 8

Vickery Creek Elementary School

  • Education Level: Primary
  • # of students: 1,194
  • # of teachers: 65
7
GreatSchools Rating

Vickery Creek Middle School

  • Education Level: Middle
  • # of students: 1,242
  • # of teachers: 66
9
GreatSchools Rating

West Forsyth High School

  • Education Level: High
  • # of students: 2,362
  • # of teachers: 126
8
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,632
Property Tax -$387
Property Insurance -$78
HOA -$33
Property Management Fees -$119
CASH FLOW
-$199

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.

$469,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.44%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$10,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,135

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8503$2,0004$2,0505$2,195
$2,195
RENT COMPS ANALYSIS
  • 6680 Waterbury Way Cumming, GA 4
    • 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.78
    •  
  • 5145 Oak Hill Terrace Cumming, GA 1
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2002
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.79
    •  
  • 6020 Falls Landing Drive Cumming, GA 2
    • 4 beds 4 baths ∙ 2,312 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,312 Sqft ∙ Built 2007
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 5620 Beaver Ridge Drive Cumming, GA 3
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2011
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 7360 Cavaletti Circle Cumming, GA 5
    • 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 1996
    property image
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jeff Brathall
1.678.907.2908
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6814550
Last Updated: 01/08/2021
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.

BESbswy