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1503 Sweet Branch Trail Grayson, GA 30017

4 Beds 3 Baths 3,670 sqft Built 2001

$405,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $110.60
  • 2 Days on Market
  • MLS # : 6913405
  • Updated Date : 07/13/2021 at 13:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,670 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Gorgeous Brick Front Home w/Wrap around Front Porch. Dramatic 2 Sty Foyer. Formal Liv , Din. Room, and Family Room w/Cozy Fireplace. Gourmet Eat -In Kitchen w/Corian Counter tops, Backsplash,and Lots of Cabinet Space. Rear Stair Case Leads to All Spacious Secondary Bedrooms and Oversized Owner Suite w/Spa Like Bathroom. Finished Terrace Level w/2 rooms and Safe Room (Storm Shelter), Possible Home Theatre can be finished. Large patio, Wrap around Deck. Cul de Sac , Huge private back yard. Great Schools, Great Amenities!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30017

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30017

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Starling Elementary School Primary Regular 995 60 9
Couch Middle School Middle Regular 996 52 9
Grayson High School High Regular 2,767 155 7

Starling Elementary School

  • Education Level: Primary
  • # of students: 995
  • # of teachers: 60
9
GreatSchools Rating

Couch Middle School

  • Education Level: Middle
  • # of students: 996
  • # of teachers: 52
9
GreatSchools Rating

Grayson High School

  • Education Level: High
  • # of students: 2,767
  • # of teachers: 155
7
GreatSchools Rating
 

$365,310$446,490$405,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,410
Property Tax -$424
Property Insurance -$77
HOA -$100
Property Management Fees -$119
CASH FLOW
-$129

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.

$405,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.2%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,314

INVESTMENT

$113,314

Down Payment
$101,475
Rehab Estimate
$5,750
Closing Costs
$6,089

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,410

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,475
Loan Amount $304,425
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$9,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,998

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,9003$1,9504$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1503 Sweet Branch Trail Grayson, GA 5
    • 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 746 Donington Circle Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2016
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.76
    •  
  • 518 Glen Terra Trace Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2016
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.73
    •  
  • 505 Napa Valley Lane Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2015
    LEASED 04/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 507 Glen Terra Trace Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2017
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Sherri L Brown
1.678.886.3954
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913405
Last Updated: 07/13/2021
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.

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