Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1427 Hedgeview Way Sugar Hill, GA 30518

3 Beds 3 Baths 2,047 sqft Built 2017

$339,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $166.05
  • 3 Days on Market
  • MLS # : 6852135
  • Updated Date : 03/13/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,047 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Move In Ready! 3 bedroom,2 1/2 bath home Plus a Loft! Many extras here! Kitchen has Stainless Steel appliances,Granite countertops ,island/breakfast bar,additional cabinet above the refrigerator,42” cabinets,Soft close hinges, Eat-in area & pantry. Butler’s Pantry with Wine cooler. Separate Dining room with weathered wood accent wall & crown molding. Large family room. Luxury vinyl plank flooring throughout the main level & some areas upstairs.Spacious Owner’s suite with walk-in closet.Master bath has a Garden tub,separate shower,his & hers sinks.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • #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
Sycamore Elementary School Primary Regular 724 48 7
Lanier Middle School Middle Regular 1,353 79 7
Lanier High School High Regular 1,718 88 7

Sycamore Elementary School

  • Education Level: Primary
  • # of students: 724
  • # of teachers: 48
7
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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,181
Property Tax -$362
Property Insurance -$67
HOA -$69
Property Management Fees -$119
CASH FLOW
-$97

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.

$339,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.50%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7004$1,7355$1,850
$1,850
RENT COMPS ANALYSIS
  • 1427 Hedgeview Way Sugar Hill, GA 3
    • 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
  • 1448 Autumn Wood Trail Buford, GA 1
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 1635 Hollow Brook Court Sugar Hill, GA 2
    • 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2015
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 1577 Shire Village Drive Sugar Hill, GA 4
    • 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 2013
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.89
    •  
  • 1110 Sycamore Creek Trail Sugar Hill, GA 5
    • 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2018
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michelle Gibbons
1.404.406.7965
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6852135
Last Updated: 03/13/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

BESbswy