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2253 Jasmine Glen Drive Buford, GA 30519

4 Beds 3 Baths 2,870 sqft Built 2006

$360,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $125.44
  • 6 Days on Market
  • MLS # : 6844098
  • Updated Date : 02/24/2021 at 10:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,870 sqft
  • Baths : 3 full
Listing Agent's Description

GORGEOUS HOME LOCATED IN A SOUGHT AFTER NEIGHRBORHOOD VERY CLOSE TO MALL OF GA AND ALL THE SHOPPING AND RESTAURANTS. THE HOME FEATURES QUARTZ COUNTERTOPS IN KITCHEN, NEW LVP FLOORING ON BOTH FLOORS, WOODEN STAIR CASE, PAINT GRADE CABINETS, STAINLESS STEEL APPLIANCES, BEDROOM AND FULL BATH ON MAIN FLOOR, SPACIOUS BEDROOMS AND LOFT ON THE SECOND FLOOR, TWO STORY FORMAL AND DINING ROOM AND FIREPLACE IN THE FAMILY ROOM AND A FLAT FENCED BACKYARD. A MUST SEE PROPERTY WITH LOTS OF UPGRADES

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,250
Property Tax -$551
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
$47

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.

$360,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.57%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$18,377

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9503$1,9504$2,0505$2,050
$2,050
RENT COMPS ANALYSIS
  • 2253 Jasmine Glen Drive Buford, GA 5
    • 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.71
    •  
  • 2232 Misty Brook Court Buford, GA 1
    • 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2013
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 3605 Fallen Oak Lane Buford, GA 2
    • 5 beds 3 baths ∙ 2,747 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,747 Sqft ∙ Built 2012
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.71
    •  
  • 3603 Fallen Oak Drive Buford, GA 3
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2014
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.75
    •  
  • 3462 Ivy Farm Court Buford, GA 4
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2019
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.75
    •  
PROPERTY LISTING DETAILS
Wasif Alvi
1.678.462.3010
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6844098
Last Updated: 02/24/2021
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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