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3439 Cast Palm Drive Buford, GA 30519

3 Beds 3 Baths 2,016 sqft Built 2001

$265,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $131.45
  • 6 Days on Market
  • MLS # : 6814106
  • Updated Date : 12/03/2020 at 09:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,016 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

"Welcome Home!" Renovated Split Foyer Plan! Vaulted, Fireside Great Room opens to Dining Area & Chef's Kitchen which boasts Granite Counters & Center Island - Chef is always a part of the "Action". Split level plan has Large, Master Suite Up with spacious Bath, separate Shower & Tub, Double Sinks & Walk-In Closet. Main level has Two Full Size Bedrooms, Nine Foot Ceilings, Full Bath & Laundry plus additional storage. Garage features a Bonus Storage /Workshop Room off Back. Back Deck overlooks a level yard w/ Firepit. Great Buford Schools literally minutes to Mall of

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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$978
Property Tax -$406
Property Insurance -$66
HOA -$42
Property Management Fees -$119
CASH FLOW
$10

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

$1,620

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,041

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,709

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6453$1,6904$1,7005$1,715
$1,715
RENT COMPS ANALYSIS
  • 3439 Cast Palm Drive Buford, GA 1
    • 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.80
    •  
  • 2720 Ivy Mill Drive Buford, GA 2
    • 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
    •  
  • 3304 Saddlegate Ct Buford, GA 3
    • 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 1992
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.79
    •  
  • 3313 Sardis Bend Drive Buford, GA 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Gary R Deckert
1.770.686.6522
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6814106
Last Updated: 12/03/2020
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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