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7540 Tatum Woods Drive Cumming, GA 30028

3 Beds 2 Baths 1,603 sqft Built 2000

$289,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $180.85
  • 8 Days on Market
  • MLS # : 6829355
  • Updated Date : 01/19/2021 at 10:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,603 sqft
  • Baths : 2 full
Listing Agent's Description

Professional photographs coming! Highly desirable ranch with open floorplan. Split bedroom plan features large bedroom on one side with full bath, and two bedrooms on the other side with full bath. New HVAC, and other upgrades. Seller has maintained this home so well that you won't have anything to do when you move in, but enjoy the spacious, private, level backyard. This backyard is perfect for your new pool, or playground. Schools of excellence for your children, or perfect ranch home in a lovely, safe walkabout neighborhood.

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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
West Forsyth High School High Regular 2,362 126 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

West Forsyth High School

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

$260,910$318,890$289,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,007
Property Tax -$239
Property Insurance -$58
HOA -$13
Property Management Fees -$119
CASH FLOW
$4

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.

$289,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$15,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,491

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,5503$1,6994$1,7005$1,740
$1,740
RENT COMPS ANALYSIS
  • 7540 Tatum Woods Drive Cumming, GA 1
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.90
    •  
  • 7570 Old Field Cove Road Cumming, GA 2
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2000
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 7955 Streamside Lane Cumming, GA 3
    • 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 1999
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.89
    •  
  • 3945 Starr Creek Road Cumming, GA 4
    • 4 beds 3 baths ∙ 1,651 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,651 Sqft ∙ Built 1998
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
  • 3930 Mallard Way Cumming, GA 5
    • 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,867 Sqft ∙ Built 1995
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jill Morris
1.770.656.7246
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6829355
Last Updated: 01/19/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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