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6925 Full Harvest Court Cumming, GA 30028

4 Beds 4 Baths 2,918 sqft Built 2004

$339,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $116.48
  • 3 Days on Market
  • MLS # : 6811242
  • Updated Date : 11/21/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,918 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Enjoy your new spectacular home with all these great features and highlights: Family friendly neighborhood with pool and amenities, exceptional Forsyth County Schools, large fenced private backyard with outbuilding, 3 beautifully finished levels! Side entry garage leads into the updated kitchen with granite countertops and counter height island. Open concept floorplan flows into the family room Or off to the new back deck. Upstairs you will find the owners suite with a huge bathroom and master closet, another full Bath and three additional good size bedrooms!

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

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
Matt Elementary School Primary Regular 992 63 7
Liberty Middle School Middle Regular 984 58 8
North Forsyth High School High Regular 2,400 138 8

Matt Elementary School

  • Education Level: Primary
  • # of students: 992
  • # of teachers: 63
7
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 984
  • # of teachers: 58
8
GreatSchools Rating

North Forsyth High School

  • Education Level: High
  • # of students: 2,400
  • # of teachers: 138
8
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,254
Property Tax -$280
Property Insurance -$84
HOA -$33
Property Management Fees -$119
CASH FLOW
$50

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.

$339,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$25,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,955

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8203$2,150
$2,150
RENT COMPS ANALYSIS
  • 6925 Full Harvest Court Cumming, GA 2
    • 4 beds 4 baths ∙ 2,918 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,918 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.62
    •  
  • 6180 Oriole Lane Cumming, GA 1
    • 4 beds 2 baths ∙ 3,130 Sqft ∙ Built 2015 4 beds 2 baths ∙ 3,130 Sqft ∙ Built 2015
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.53
    •  
  • 6140 Vista Crossing Way Cumming, GA 3
    • 5 beds 3 baths ∙ 2,644 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,644 Sqft ∙ Built 2007
    property image
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
PROPERTY LISTING DETAILS
Erin Hicks
1.678.860.0163
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811242
Last Updated: 11/21/2020
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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