5840 Crest Oak Way Cumming, GA 30028
4bd, 2.5ba | 2,290sqft | Built in 2013
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Initial Investment
$258,724
List Price: $254,900
Purchase Price
$254,900
Down Payment
100%
Rent
$1,810

Total Return
$86,947
Annualized Return
6.5%
Cap Rate
5.3%
Gross Yield
8.5%
Cash Flow
$12,870
Appreciation
2.4%
Financing Options
to learn more or visit our partner to get pre-approved.
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Property Management Options
  • 678-853-7666
    leads@atlanticpropertymgt.com
    105 Nobel Court
    Alpharetta, GA 30005
    Atlantic Property Management | Rent Guarantee Eligible
    Property Management Fee:
    3 Service Plan Options: 7% ($77 minimum); 8% ($88 minimum); 9% ($99 minimum) 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.
  • (415) 712-0668
    brad@hemlane.com
    218 9th Street
    San Francisco, CA 94103
    Hemlane
    Property Management Fee:
    $58 per month + $30 per additional rental on an annual contract, $69 per month + $35 per additional rental on a monthly contract
    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:
    None
    Excalibur has been managing property since 1985 and is one of the few to be awarded the Certified Residential Management Company (CRMC) designation.
  • (888) 372-7528 Ext 135
    leads@parkaveproperties.com
    19750 W Catawba Ave
    Cornelius, NC 28031
    Park Avenue Properties
    Property Management Fee:
    8% of monthly rent collected
    Leasing Fee:
    50% of first month's rent
    Renewal Leasing Fee:
    15% of first month's rent
    Maintenance Fee:
    $0 maintenance reserve and $55 per labor hour
    Property Setup Fee:
    $100 per Property
    Marketing Fee:
    None
    Project Management Fee:
    None
    Park Avenue Properties is a residential property management and investment firm. We manage approximately 3,000 residential properties throughout 10 major metropolitan areas and 6 states. We offer full service, turn-key property management services. From our Customer Care Team to our Welcome Home Team you will find that we are results oriented and we truly care about the entire management life-cycle experience.
  • 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
  • Hemlane Property Management Software
    PROMO: 1 month free – monthly and annual contract options available

    For investors who want to self-manage, Hemlane is an all-in-one property management solution to automate the operational tasks for property management through an easy to use portal. For leasing, Hemlane advertises listings to 40 websites and automates showing scheduling, online applications, and background checks. Hemlane is transparent and trusted across the US, with 5-star customer reviews. www.hemlane.com

    FEE:
    • $58 per month + $30 per additional rental on an annual contract
    • $69 per month + $35 per additional rental on a monthly contract
    LEASING FEE:
    • 50% -100% of first months rent depending on services needed
Property Characteristics
  • Inspection Contingency
    What is it?
    This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector’s findings or cancel the contract. If any prior inspection reports are available, you’ll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
    Benefits
    • This property will be professionally inspected before closing.
    • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
    • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
    • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 
    How it Works
    • Roofstock can refer you to our preferred 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 properties starting 45 days after the home is rent-ready. Plus you will also pay no monthly management fees until your property is leased.
    • This offer applies to all single-family properties and excludes properties with more than 2 units (duplex, triplex, fourplexes), commercial properties and Roofstock portfolios.
Investment Terms
Purchase Price of $254,900 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 $1,274 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