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250 Tweed Court Sugar Hill, GA 30518

4 Beds 3 Baths 2,698 sqft Built 1988

$370,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $137.14
  • 5 Days on Market
  • MLS # : 6812696
  • Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,698 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Start 2021 in your new home! Private culdesac +- .5 acre in natural surroundings. Front porch brings old-fashion charm to this traditional home. Chef's delight kitchen w/ concrete countertops, shiplap walls & open shelving, stainless steel appl, farmhouse sink, accent lighting, painted cabs and island that opens to sunlit breakfast rm & covered deck. Cozy, oversized fireside family rm & separate dining rm perfect for family, entertaining. Entry foyer w hardwoods on main ,new laminate hardwoods upstairs. Spacious master ste upstairs, plus 3 more BRs ++ extra bonus space!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Level Creek Elementary School Primary Regular 854 54 10
North Gwinnett Middle School Middle Regular 2,129 118 8
North Gwinnett High School High Regular 2,698 135 9

Level Creek Elementary School

  • Education Level: Primary
  • # of students: 854
  • # of teachers: 54
10
GreatSchools Rating

North Gwinnett Middle School

  • Education Level: Middle
  • # of students: 2,129
  • # of teachers: 118
8
GreatSchools Rating

North Gwinnett High School

  • Education Level: High
  • # of students: 2,698
  • # of teachers: 135
9
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,365
Property Tax -$330
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
$56

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.

$370,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.53%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$27,910

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,104

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9504$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 250 Tweed Court Sugar Hill, GA 3
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
  • 5051 Akard Court Suwanee, GA 1
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2001
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 460 Chandler Court Sugar Hill, GA 2
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1995
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.73
    •  
  • 384 Ambrose Creek Drive Sugar Hill, GA 4
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2002
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
  • 373 Pasatiempo Lane Suwanee, GA 5
    • 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,771 Sqft ∙ Built 2005
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
PROPERTY LISTING DETAILS
Nancie H Torrence
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6812696
Last Updated: 11/28/2020
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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