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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $163.92
- 1 Days on Market
- MLS # : 6806069
- Updated Date : 11/07/2020 at 22:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,677 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Beautiful 2-Story home in the desirable Walnut Grove Subdivision. New Roof, furnaces, AC, toilets and privacy fence. Hardwoods throughout the Main level as well as the Master Bedroom. Sun Room off the kitchen overlooking private, wooded and fenced back yard. Large, Full finished basement and a storage shed outback. Community pool and tennis amenities, centrally located between the new, vibrant North Georgia Outlets, the Cumming Market Place Square shopping district and Sawnee Mountain for fantastic hiking trails. A great home for the next resident or investor...
SEE MORE
- #1 Most affordable big city (WalletHub, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 30040
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30040
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,014 |
| Property Tax | -$226 | |
| Property Insurance | -$60 | |
| HOA | -$27 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$64
|
||
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.
$274,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,599
LOAN DETAILS
$1,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
6.25
YEARS SAVED
$22,894
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,316
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
7120 Shady Oak Lane Cumming, GA 2
- 3 beds 3 baths ∙ 1,677 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,677 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,510
- $0.90
-
4060 Mark Lake Road Cumming, GA 1
- 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 1981
LEASED 07/05/19- Rent
- Rent Per SQFT
- $1,200
- $0.63
-
7425 Morning Dew Drive Cumming, GA 3
- 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 1998
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,825
- $0.94
PROPERTY LISTING DETAILS
1.678.313.6648
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6806069
Last Updated: 11/07/2020
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.
