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2148 Splitrail Trail Buford, GA 30519

5 Beds 3 Baths 2,931 sqft Built 2006

$309,800

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $105.70
  • 5 Days on Market
  • MLS # : 6814951
  • Updated Date : 12/05/2020 at 08:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,931 sqft
  • Baths : 3 full
Listing Agent's Description

Fabulous house with unbeatable location-just minutes to I-85, I-985, Mall of GA, Downtown Buford. It is ideal for extended family with spacious 5 Bedrooms/3 Full Baths. The main level- hardwood floor level-has a guest room with full bath. On the 2nd level, large vaulted ceiling & dual vanities master and 3 additional rooms have no lack of space with walk-in laundry room. NEW carpet, NEW interior paint, NEW HAVC, NEW appliances, gorgeous granite counters, private fenced backyard with patio. MOVE-IN READY!

SEE MORE

MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30519

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30519

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
Patrick Elementary School Primary Regular 846 54 8
Twin Rivers Middle School Middle Regular 1,570 85 9
Mountain View High School High Regular 2,103 100 7

Patrick Elementary School

  • Education Level: Primary
  • # of students: 846
  • # of teachers: 54
8
GreatSchools Rating

Twin Rivers Middle School

  • Education Level: Middle
  • # of students: 1,570
  • # of teachers: 85
9
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 2,103
  • # of teachers: 100
7
GreatSchools Rating
 

$278,820$340,780$309,800

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,143
Property Tax -$475
Property Insurance -$84
HOA -$19
Property Management Fees -$119
CASH FLOW
-$49

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.

$309,800

PROJECTED PRICE

$1,790

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.0%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,847

INVESTMENT

$87,847

Down Payment
$77,450
Rehab Estimate
$5,750
Closing Costs
$4,647

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,450
Loan Amount $232,350
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,962

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,839

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,7903$1,8904$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 2148 Splitrail Trail Buford, GA 2
    • 5 beds 3 baths ∙ 2,931 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,931 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.61
    •  
  • 2363 Jasmine Glen Drive Buford, GA 1
    • 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2006
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.66
    •  
  • 3513 Huddlestone Lane Buford, GA 3
    • 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 2010
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.61
    •  
  • 3613 Fallen Oak Drive Buford, GA 4
    • 5 beds 4 baths ∙ 3,108 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,108 Sqft ∙ Built 2013
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.61
    •  
  • 3328 Woodward Down Trail Buford, GA 5
    • 5 beds 4 baths ∙ 3,074 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,074 Sqft ∙ Built 2016
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.63
    •  
PROPERTY LISTING DETAILS
Xiao Bo Guan
1.678.687.8885
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6814951
Last Updated: 12/05/2020
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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