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1709 Indian Way 
Cumming, GA
30040
2 Beds 3 Baths 1,440 sqft
Built 2001
INVESTimate
$189,900
List Price
$56,074
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $131.88
- 3 Days on Market
- MLS # : 6771465
- Updated Date : 08/25/2020 at 17:00
CONSTRUCTION
- Beds : 2
- Floor Size : 1,440 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
VACANT!! Come see this tri-level townhome in Pilgrim Lake! This home offers a NEW ROOF, fresh interior two-tone paint, new vinyl flooring and new carpet. The ground floor has a one car garage and storage area. On the first floor is a spacious living room with a fireplace, dining room and kitchen and half bath for guests' convenience. The kitchen features ample cabinet and counter space and new stainless steel appliances including a new gas range. On the second floor are two bedrooms, both with ensuite bathrooms and walk in closets, and the laundry. Fenced backyard
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$701 |
| Property Tax | -$156 | |
| Property Insurance | -$55 | |
| HOA | -$73 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$276
|
||
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.
$189,900
PROJECTED PRICE
$1,380
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.31% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$56,074
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
11.75
YEARS SAVED
$40,618
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,339
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1709 Indian Way Cumming, 1
- 2 beds 3 baths ∙ 1,440 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,440 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $1,380
- $0.96
-
1810 Pilgrim Mill Road Cumming, 2
- 2 beds 2 baths ∙ 1,508 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,508 Sqft ∙ Built 1983
![property image]()
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,400
- $0.93
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771465
Last Updated: 08/25/2020
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.
