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2763 Blue Moon Drive Buford, GA 30519

5 Beds 3 Baths 2,976 sqft Built 2004

$363,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $122.28
  • 2 Days on Market
  • MLS # : 6850132
  • Updated Date : 03/06/2021 at 13:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,976 sqft
  • Baths : 3 full
Listing Agent's Description

Photos coming soon. This gorgeous 5 bedroom, 3 bathroom home offers a sophisticated brick and cream-accented exterior with a spacious interior that you will love. Crisp white wainscotting, crown molding, and a two-story foyer will cheerily greet you as you enter, awash with natural light. The wood floor will lead you to the fabulous great room, simply furnished with a brick fireplace and white mantle that begs to display your worldly possessions. This roomy primary bedroom will be your palace, with two walk-in closets, a tray ceiling, and a fully-tiled primary bathroom.

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: 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
 

$327,510$400,290$363,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,264
Property Tax -$584
Property Insurance -$85
HOA -$38
Property Management Fees -$119
CASH FLOW
-$59

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.

$363,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.56%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,184

INVESTMENT

$102,184

Down Payment
$90,975
Rehab Estimate
$5,750
Closing Costs
$5,459

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,264

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,975
Loan Amount $272,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,986

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,8003$1,8004$2,0305$2,195
$2,195
RENT COMPS ANALYSIS
  • 2763 Blue Moon Drive Buford, GA 4
    • 5 beds 3 baths ∙ 2,976 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,976 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.68
    •  
  • 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
    •  
  • 3670 Bogan Mill Road Ne Buford, GA 2
    • 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 2004
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
  • 1210 Skylar Ridge Circle Buford, GA 3
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2003
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.66
    •  
  • 2631 Bogan Bluff Court Buford, GA 5
    • 5 beds 3 baths ∙ 3,120 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,120 Sqft ∙ Built 2002
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.70
    •  
PROPERTY LISTING DETAILS
Katrina Washington
1.470.552.7712
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6850132
Last Updated: 03/06/2021
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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