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7915 Brewton Creek Drive Cumming, GA 30028

4 Beds 3 Baths 2,983 sqft Built 2019

$389,900

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $130.71
  • 3 Days on Market
  • MLS # : 6820476
  • Updated Date : 12/19/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,983 sqft
  • Baths : 3 full
Listing Agent's Description

Absolutely stunning Biltmore plan on a full unfinished basement! Just a year old, this home has been stylishly updated with additional lighting and new fixtures throughout, new cabinet hardware and frosted glass pantry door, a glass barn door in a secondary bedroom, and a hall tree with bench, making it truly better than new. The main level features gorgeous, rich hardwood floors and a bedroom and full bath. The well appointed kitchen with walk in pantry is open to the two story family room with wall of windows, adding tons of light and providing

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)
  • 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)
  • #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)

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
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,439
Property Tax -$321
Property Insurance -$85
HOA -$67
Property Management Fees -$119
CASH FLOW
$140

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$389,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.56%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$105,324

INVESTMENT

$105,324

Down Payment
$97,475
Rehab Estimate
$2,000
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$37,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,197

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,945
1$1,9452$2,0003$2,1504$2,170
$2,170
RENT COMPS ANALYSIS
  • 7915 Brewton Creek Drive Cumming, GA 4
    • 4 beds 3 baths ∙ 2,983 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,983 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.73
    •  
  • 9015 Montclair Hills Drive Cumming, GA 1
    • 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2005
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.66
    •  
  • 4040 Raccoon Lane Cumming, GA 2
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2018
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.74
    •  
  • 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
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
PROPERTY LISTING DETAILS
Judy East
1.404.917.6112
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820476
Last Updated: 12/19/2020
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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