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1418 Pine Acre Drive Sugar Hill, GA 30518

3 Beds 3 Baths 1,874 sqft Built 2004

$250,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $133.40
  • 3 Days on Market
  • MLS # : 6825463
  • Updated Date : 01/09/2021 at 13:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,874 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

WOW! Super location close to the new downtown Sugar Hill restaurants, arena, shops, and park. Live a great lifestyle in this starter home situated on a beautiful level lot. This 3 bedroom, 2.5 bath 2-story home has an open floor plan that includes an airy 2-story family room and hardwoods throughout the main level! Flex room on main can be used for an office, dining or formal living room. All 3 bedrooms and 2 full bathrooms are located upstairs with a small loft area that overlooks the family room. The SPACIOUS backyard is fenced and perfect for that swingset and the

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30518

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30518

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9502009

* 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
Sugar Hill Elementary School Primary Regular 1,202 77 8
Lanier Middle School Middle Regular 1,353 79 7
Lanier High School High Regular 1,718 88 7

Sugar Hill Elementary School

  • Education Level: Primary
  • # of students: 1,202
  • # of teachers: 77
8
GreatSchools Rating

Lanier Middle School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 79
7
GreatSchools Rating

Lanier High School

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 88
7
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$868
Property Tax -$266
Property Insurance -$63
HOA -$21
Property Management Fees -$119
CASH FLOW
$272

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.

$250,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.6%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$37,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6004$1,6105$1,615
$1,615
RENT COMPS ANALYSIS
  • 1418 Pine Acre Drive Sugar Hill, GA 4
    • 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.86
    •  
  • 5078 Mcever View Drive Sugar Hill, GA 1
    • 4 beds 3 baths ∙ 1,946 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,946 Sqft ∙ Built 2007
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 4636 Pine Acre Circle Sugar Hill, GA 2
    • 3 beds 4 baths ∙ 1,712 Sqft ∙ Built 2004 3 beds 4 baths ∙ 1,712 Sqft ∙ Built 2004
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 4875 Cold Creek Court Sugar Hill, GA 3
    • 4 beds 3 baths ∙ 1,746 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,746 Sqft ∙ Built 1989
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 770 Simmons Mine Circle Buford, GA 5
    • 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1991
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,615
    • $0.84
    •  
PROPERTY LISTING DETAILS
Prolink Advisors Team
1.678.995.5819
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825463
Last Updated: 01/09/2021
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. © 2017 First Multiple Listing Service, Inc.

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