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3252 Lost Meadows Lane Buford, GA 30519

4 Beds 3 Baths 2,734 sqft Built 2003

$299,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $109.69
  • 3 Days on Market
  • MLS # : 6814810
  • Updated Date : 12/05/2020 at 20:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,734 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful 4 bedroom in popular Seneca Farms neighborhood. Open floor plan on main. Kitchen has new quartz countertops, farmhouse sink, island, and view to family room. New carpet through out. Two bonus rooms on main perfect for home office or playroom. 4 bedrooms on upper level with laundry room conveniently located between them. Master offers walk in closet, dual vanity, separate shower, and soaking tub. Located on a cul-de-sac with private backyard and patio great for hosting. Close to !-985 and Lake Lanier Islands. Great North Gwinnett school district.

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
Ivy Creek Elementary School Primary Regular 916 52 8
Glenn C. Jones Middle School Middle Regular 1,362 74 9
Mill Creek High School High Regular 3,780 191 9

Ivy Creek Elementary School

  • Education Level: Primary
  • # of students: 916
  • # of teachers: 52
8
GreatSchools Rating

Glenn C. Jones Middle School

  • Education Level: Middle
  • # of students: 1,362
  • # of teachers: 74
9
GreatSchools Rating

Mill Creek High School

  • Education Level: High
  • # of students: 3,780
  • # of teachers: 191
9
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,107
Property Tax -$459
Property Insurance -$78
HOA -$53
Property Management Fees -$119
CASH FLOW
$24

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.

$299,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.61%

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-$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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,878

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8403$1,8454$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 3252 Lost Meadows Lane Buford, GA 2
    • 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.71
    •  
  • 3555 Stoneleigh Run Drive Buford, GA 1
    • 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2004
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.67
    •  
  • 3186 Striped Maple Cove Buford, GA 3
    • 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 1999
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.72
    •  
  • 4316 Cami Way Buford, GA 4
    • 5 beds 3 baths ∙ 2,808 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,808 Sqft ∙ Built 2002
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 3875 Portico Run Drive Buford, GA 5
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2001
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
PROPERTY LISTING DETAILS
Amanda Fard
1.678.760.4070
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6814810
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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