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325 Brynfield Parkway Suwanee, GA 30024

4 Beds 3 Baths 2,273 sqft Built 2007

$339,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $149.54
  • 2 Days on Market
  • MLS # : 6837409
  • Updated Date : 02/06/2021 at 21:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,273 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Location, Location , Location !!!! Just minutes from major highway, shopping and entertainment in Collins Hill school district, this beautiful home is ready for you to move into !!! Boasting an open floor plan on the main level, 4 bedrooms upstairs, fenced in level back yard in a gated, swim and tennis community. Walk through the 2 story foyer and to the great room with a view to the kitchen featuring granite countertops and engineered flooring. Four bedrooms upstairs including master make this a perfect home for the growing family. Don't miss out on this one !!!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30024

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k373k

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

Zip Code: 30024

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732129

* 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
Walnut Grove Elementary School Primary Regular 903 60 8
Creekland Middle School Middle Regular 2,157 129 6
Collins Hill High School High Regular 3,148 157 8

Walnut Grove Elementary School

  • Education Level: Primary
  • # of students: 903
  • # of teachers: 60
8
GreatSchools Rating

Creekland Middle School

  • Education Level: Middle
  • # of students: 2,157
  • # of teachers: 129
6
GreatSchools Rating

Collins Hill High School

  • Education Level: High
  • # of students: 3,148
  • # of teachers: 157
8
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,181
Property Tax -$402
Property Insurance -$71
HOA -$77
Property Management Fees -$119
CASH FLOW
$20

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.

$339,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
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$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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,192

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,864

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8504$1,8705$1,900
$1,900
RENT COMPS ANALYSIS
  • 325 Brynfield Parkway Suwanee, GA 4
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.82
    •  
  • 280 Brynfield Parkway Suwanee, GA 1
    • 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2006
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 12 Reynoldston Court Suwanee, GA 2
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2013
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 2498 Brynfield Cove Suwanee, GA 3
    • 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2007
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
  • 2528 Brynfield Cove Suwanee, GA 5
    • 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2006
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
PROPERTY LISTING DETAILS
Shaheen Dossani
1.678.687.0007
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6837409
Last Updated: 02/06/2021
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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