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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $147.80
- 4 Days on Market
- MLS # : 6831420
- Updated Date : 02/05/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,429 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
Beautiful Home! Renovations begun. A MUST SEE! New Roof just installed. Master on Main with 2 Large secondary Bedrooms upstairs with full bath. Lower Level finished with full bath - awesome Man Cave or Mother-in-Law Suite. Refinished Australian Cypress wood flooring on main level and upstairs hallway of 2nd level. Bedrooms upstairs have brand new carpet. New Eco-smart thermostats installed. New stone patio & sprinkler systems. Forsyth Co Schools which are one of the best in GA! This one will go SUPER FAST! Hard to find Home in Forsyth County!
SEE MORE
- #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)
- 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)
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 | $1,890 |
| EXPENSES | Loan Payment | -$1,247 |
| Property Tax | -$296 | |
| Property Insurance | -$74 | |
| HOA | -$28 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$126
|
||
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.
$359,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.53%
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
$100,885
LOAN DETAILS
$1,247
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,750 |
| Loan Amount | $269,250 |
6.58
YEARS SAVED
$28,552
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,955
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
7345 Morning Dew Drive Cumming, GA 3
- 4 beds 4 baths ∙ 2,429 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,429 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,890
- $0.78
-
4585 Elmwood Trail Cumming, GA 1
- 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2017
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,695
- $0.80
-
6230 Weldon Drive Cumming, GA 2
- 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1995
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,750
- $0.81
PROPERTY LISTING DETAILS
1.404.558.8458
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6831420
Last Updated: 02/05/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.
