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3639 Buttercup Court Buford, GA 30519

4 Beds 2 Baths 2,024 sqft Built 1998

$270,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $133.40
  • 3 Days on Market
  • MLS # : 6860160
  • Updated Date : 03/27/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,024 sqft
  • Baths : 2 full
Listing Agent's Description

Located in the great & growing area around Friendship Road in Hall County with easy access to 985! It's the perfect location to enjoy golf cart rides on the over-sized sidewalks to shops or dining. Minutes from NEGA Medical, shopping and a a couple of Wineries! Ranch home with a split bedroom style floorplan and additional bedroom tucked away upstairs - Bright white kitchen adjoins fireside great room - Fenced in backyard & new furnace - Fresh & clean, Ready for new owners!!

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)
  • #1 Most affordable big city (WalletHub, 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)
  • 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)

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
Friendship Elementary School Primary Regular 633 36 5
C. W. Davis Middle School Middle Regular 1,249 75 8
Flowery Branch High School High Regular 1,758 102 6

Friendship Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 36
5
GreatSchools Rating

C. W. Davis Middle School

  • Education Level: Middle
  • # of students: 1,249
  • # of teachers: 75
8
GreatSchools Rating

Flowery Branch High School

  • Education Level: High
  • # of students: 1,758
  • # of teachers: 102
6
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$938
Property Tax -$224
Property Insurance -$66
HOA -$29
Property Management Fees -$119
CASH FLOW
$203

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.

$270,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.59%

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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$31,739

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,574

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,565
1$1,5652$1,5803$1,6754$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 3639 Buttercup Court Buford, GA 2
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.78
    •  
  • 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
    property image
    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
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.77
    •  
  • 3634 Friendship Farm Drive Buford, GA 4
    • 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 1998
    property image
    LEASED 03/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 3998 Duncan Ives Drive Buford, GA 5
    • 4 beds 2 baths ∙ 2,295 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,295 Sqft ∙ Built 2000
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Julie R Cunningham
1.678.852.9328
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6860160
Last Updated: 03/27/2021
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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