Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $138.45
- 1 Days on Market
- MLS # : 6837354
- Updated Date : 02/06/2021 at 19:49
CONSTRUCTION
- Beds : 5
- Floor Size : 1,914 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
This beautiful two story, 5 bedroom, 3.5 bathroom home is a must see. The basement is fully finished with attention to detail, it has kitchen, bedroom and full bath. The home features hardwood floors and large spacious bedrooms with high ceilings. The house has recently had new water heater, HVAC, and Garage door installed and the roofing was replaced in 2014. The neighborhood has direct access to Friendship Rd. and abuts Williams Mill Greenspace. Enjoy nearby shopping, restaurants, and amenities of the city of Buford while benefitting from being within Hall county.
SEE MORE
- #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: 30519
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30519
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$225 | |
| Property Insurance | -$64 | |
| HOA | -$29 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$313
|
||
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.
$265,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
10.75
YEARS SAVED
$43,354
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,455
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
3410 Friendship Farm Drive Buford, GA 2
- 5 beds 4 baths ∙ 1,914 Sqft ∙ Built 1998 5 beds 4 baths ∙ 1,914 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,670
- $0.87
-
6353 Aarons Way Flowery Branch, GA 1
- 4 beds 2 baths ∙ 2,076 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,076 Sqft ∙ Built 2007
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,565
- $0.75
-
3159 Gem Ives Court Buford, GA 3
- 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2002
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,675
- $0.77
PROPERTY LISTING DETAILS
1.470.323.6161
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6837354
Last Updated: 02/06/2021
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.
