5840 Crest Oak Way Cumming, GA 30028
4bd, 2.5ba | 2,290sqft | Built in 2013
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Initial Investment
$263,900
List Price: $260,000
Purchase Price
$260,000
Down Payment
100%
Rent
$1,810

Total Return
$87,229
Annualized Return
6.4%
Cap Rate
5.1%
Gross Yield
8.4%
Cash Flow
$12,854
Appreciation
2.4%
Financing Options
to learn more or visit our partner to get pre-approved.
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Property Management Options
  • (415) 712-0668
    brad@hemlane.com
    218 9th Street
    San Francisco, CA 94103
    Hemlane
    Property Management Fee:
    PROMO: 1 month free with monthly contract!
    $58 first unit + $30/additional unit per month
    Leasing Fee:
    50% - 100% of First Month’s Rent (depending on services needed)
    Renewal Leasing Fee:
    None
    Maintenance Fee:
    None
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    Varies by Agent
    Hemlane is an all-in-one property management platform. It offers leasing (tenant placement) and property management through easy-to-use software, local agents, and maintenance coordinators to give real estate investors a peace of mind with their rental properties. Hemlane is transparent and trusted across the US, with 5 star reviews from customers.
  • 678-825-0430
    roofstock@excalhomes.com
    2855 Marconi Dr. Ste 310
    Alpharetta, GA 30005
    Excalibur Homes
    Property Management Fee:
    6% of monthly rent collected
    Leasing Fee:
    70% of first month's rent
    Renewal Leasing Fee:
    35% of first month's rent
    Maintenance Fee:
    None
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    10% of total project cost unless Owner chooses Craftsman Services (then it is zero)
    Excalibur has been managing property since 1985 and is one of the few to be awarded the Certified Residential Management Company (CRMC) designation.
  • 678-853-7666
    leads@atlanticpropertymgt.com
    105 Nobel Court
    Alpharetta, GA 30005
    Atlantic Property Management
    Property Management Fee:
    3 Service Plan Options: 7%; 8%; 9% of rent collected
    Leasing Fee:
    75% of first month's rent
    Renewal Leasing Fee:
    33% of renewal month's rent
    Maintenance Fee:
    None
    Property Setup Fee:
    Included in all of our Service Plans
    Marketing Fee:
    None
    Project Management Fee:
    None if Manager selects vendor(s), up to 10% if Manager must provide oversight to Owner's chosen vendor(s)
    We know you have options when choosing a property manager partner, but choosing the right partner can make the difference between a successful, profitable track towards financial independence or a miserable, costly experience. Atlantic Property Management is one of Metro Atlanta's largest and most-respected property managers trusted by National Investment Trusts, foreign investors, and hundreds of local property owners. Our mission is to help our clients reach financial independence through real estate. We look forward to partnering with you.
  • 678-782-1004
    CLittleton@pmigeorgia.com
    100 Glendalough Ct, D2
    Tyrone, GA 30290
    PMI Georgia
    Property Management Fee:
    7 % of Rent Collected ($75 Minimum)
    Leasing Fee:
    75% of 1st Month’s Rent (Roofstock Special)
    Renewal Leasing Fee:
    25% of First Month’s Rent
    Maintenance Fee:
    None
    Property Setup Fee:
    Included in Leasing fee
    Marketing Fee:
    Included in Leasing fee
    Project Management Fee:
    None if done through our company
    With PMI Georgia’s full service Atlanta property management, you get much more than just one over-worked property manager. You get a full team of skilled professionals with the expertise to provide you with the highest level of service and the maximum return on your investment. We manage homes in 18 counties surrounding Atlanta and take pride in being active participants in NARPM (National Association for Residential Property Managers) to continue our education to stay current in the changing market. The team at PMI Georgia will safeguard your property, manage your tenants, and protect your investment, all without you having to lift a finger. Our on staff CPA and accounting software will ensure your financials are in order and save you time & money at tax time and you never have to wait until next month to receive your funds if your tenant pays late – we do owner draws every Friday at no extra charge! You'll be amazed at the personalized service & attention to detail provided by our residential property management team all for one low monthly fee. Our Leasing fee includes bonus services that others charge extra for. Give us call – we answer our phones!
  • Tips for Self Managing Properties
    You’ve invested in a Rental Property, and are thinking about managing the property yourself? Here are the items you need to be aware of: Renting, Operating, Risk Management
    Self manage / Other
    Renting
    • Get property ready
    • Advertise
    • Show the property
    • Applicant screening
    • Move in tenants

    Operating
    • Collect rent
    • Repair requests
    • Home inspections
    • Move out process

    Risk Management
    • Fair housing
    • Insurance liability
    • Property damage
    • Habitability issues
    • Legal costs
Property Characteristics
  • Inspection Contingency
    What is it?
    This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
    Benefits
    • The seller may be more willing to negotiate with a buyer in contract.
    • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
    • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.
    How it Works
    • Roofstock can refer you to our certified property manager to help you understand the property report and next steps.
    • After the purchase agreement is signed, the buyer has 20 days from the date of the contract to hire a home inspector and conduct any negotiations with the seller if necessary. The home inspection typically costs $300-$500 and is paid by the buyer and includes instances where the inspection report is more than 4 months old. If the inspection is current and buyers are using a Roofstock inspector, inspection would be free of charge.
    • Once the buyer receives the inspection report containing details on the home’s condition and potential issues, the buyer can (1) remove the inspection contingency and continue with the closing process, (2) negotiate different terms with the seller based on the report findings, or (3) in extreme circumstances, terminate the purchase agreement and get their earnest money deposit back.
    • Any negotiation or termination must happen within the time period specified in the purchase agreement, unless otherwise agreed upon between buyer and seller.
    Terms
    The inspection contingency contains a termination date which the buyer must adhere to. The buyer must have the inspection completed, review the report and negotiate with the seller on the next steps within this agreed upon timeframe. If the termination date passes and the buyer has not terminated the agreement or come to an agreement with the seller, the buyer must continue based on the terms in the initial purchase agreement.
  • Roofstock Guarantee
    What is it?
    Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
    Benefits
    • All properties come with our 30-day money back guarantee
    • Enjoy guaranteed rent on vacant, rent-ready properties starting 45 days after closing. Plus, you will also pay no monthly management fees until your property is leased.
    • This offer applies to all single-family properties and excludes duplexes, triplexes and fourplexes.
Investment Terms
Purchase Price of $260,000 has been established by the Seller and it reflects the price at which Seller is willing to transact. If this property accepts offers, then please submit a reasonable offer for consideration.

Marketplace Fee of $1,300 must be paid to secure your investment property, remove it from the marketplace and initiate the purchase process.If your offer has a contingency and you cancel before the contingency termination date, the Marketplace fee will be refunded. It is non-refundable in all other cases.

Purchase and Sale Agreement (PSA): A PSA will be delivered electronically promptly following payment of the Marketplace Fee and must be executed by Buyer within 24 hours of receipt.

Earnest Money Deposit (EMD) of $1,500 must be wired to the Title Company within 3 days of PSA signing.

Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.

Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 30 days of PSA execution for financing unless otherwise agreed by Buyer and Seller

Lease Agreement: The current lease agreement will be provided to Buyer at Closing.

Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Roofstock to lower transaction costs for Buyers and Sellers. An estimate of closing costs is provided in the Diligence Vault and actual closing costs will be outlined on the final settlement statement.

Title and Settlement Provider: Roofstock's standard closing process includes preferred partners who act as the title and escrow agent for this property. Our preferred partners have agreed to provide discounted escrow and settlement services to purchasers of properties via the Roofstock marketplace to lower your investment costs. If you would like to use a different provider for these services, please contact us.

Listing Broker: Roofstock Realty, LLC

Learn more about the investment process