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3615 Ansley Park Drive Suwanee, GA 30024

5 Beds 3 Baths 2,812 sqft Built 2000

$479,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $170.66
  • 2 Days on Market
  • MLS # : 6913850
  • Updated Date : 07/13/2021 at 11:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,812 sqft
  • Baths : 3 full
Listing Agent's Description

Immaculately maintained by the original owner! Definitely move in ready home! 5 bed/ 3 full bath. Sought after North Gwinnett school district. Great spacious floor plan with white 42 in. kitchen cabinetry, granite countertops, mosaic tile backsplash, newer HVAC, newer exterior paint, hardwood floors on main. 2 story foyer & 2 story great room. Oversized Primary suite with sitting area & fireplace. All secondary bedrooms are spacious. 3 fireplace/ NEVER been used. Private backyard with lots of trees and space for garden. Wireless security cameras, Bluetooth speakers

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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: 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
Suwanee Elementary School Primary Regular 671 40 9
North Gwinnett Middle School Middle Regular 2,129 118 8
North Gwinnett High School High Regular 2,698 135 9

Suwanee Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 40
9
GreatSchools Rating

North Gwinnett Middle School

  • Education Level: Middle
  • # of students: 2,129
  • # of teachers: 118
8
GreatSchools Rating

North Gwinnett High School

  • Education Level: High
  • # of students: 2,698
  • # of teachers: 135
9
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,667
Property Tax -$507
Property Insurance -$79
HOA -$35
Property Management Fees -$119
CASH FLOW
-$157

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.

$479,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.47%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,204

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1003$2,1004$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 3615 Ansley Park Drive Suwanee, GA 5
    • 5 beds 3 baths ∙ 2,704 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,704 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.83
    •  
  • 326 Canterbury Place Drive Suwanee, GA 1
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2001
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 3155 Maple Terrace Drive Suwanee, GA 2
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 1994
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
  • 181 Avonlea Park Place Suwanee, GA 3
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1997
    LEASED 04/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 3736 Castle View Court Suwanee, GA 4
    • 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 2000
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
PROPERTY LISTING DETAILS
Kelly Kim
1.678.464.4929
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913850
Last Updated: 07/13/2021
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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