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3420 Cascade Fall Drive Buford, GA 30519

4 Beds 3 Baths 2,098 sqft Built 1998

$245,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $116.78
  • 5 Days on Market
  • MLS # : 6808268
  • Updated Date : 11/14/2020 at 19:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,098 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Desirable location in Mill Creek School District, and neighborhood with great amenities! Front porch, two story foyer, separate dining room. Office or media room is separated from living room with french doors for quiet during those Zoom meetings. Living room is open to kitchen and breakfast room, and looks over fenced back yard with natural stone retaining wall and low maintenance pine straw covered back lawn. Kitchen has island and newer stainless appliances. Home needs TLC and is priced to sell! Great opportunity to buy in this location.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$904
Property Tax -$382
Property Insurance -$68
HOA -$46
Property Management Fees -$119
CASH FLOW
$312

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.

$245,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.75%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$45,124

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,773

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,7003$1,7154$1,8005$1,830
$1,830
RENT COMPS ANALYSIS
  • 3420 Cascade Fall Drive Buford, GA 5
    • 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.87
    •  
  • 2720 Ivy Mill Drive Buford, GA 1
    • 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 1992
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.85
    •  
  • 3313 Sardis Bend Drive Buford, GA 2
    • 3 beds 3 baths ∙ 1,939 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,939 Sqft ∙ Built 2013
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 2406 Sardis Chase Court Buford, GA 3
    • 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 2007
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $0.87
    •  
  • 3124 Milloak Court Buford, GA 4
    • 3 beds 2 baths ∙ 2,296 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,296 Sqft ∙ Built 2003
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
PROPERTY LISTING DETAILS
Debbie Foster
1.931.675.0052
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808268
Last Updated: 11/14/2020
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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