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3739 Kasey Lane Buford, GA 30519

4 Beds 3 Baths 2,395 sqft Built 2002

$349,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $146.10
  • 3 Days on Market
  • MLS # : 6841070
  • Updated Date : 02/27/2021 at 11:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,395 sqft
  • Baths : 3 full
Listing Agent's Description

Move-in ready, one-owner home in award-winning Buford City Schools. You'll appreciate the touches of quality, from the beautiful new front door to the backyard oasis & everything in between. Open concept ranch with upstairs bedroom and bathroom has 12 foot ceilings and lots of natural light. Owner's suite with vaulted ceilings, beautiful bay windows overlooking the backyard, walk-in closet with built-ins and updated tile and shower in bathroom.

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)
  • 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)
  • #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)

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
Buford Elementary School Primary Regular 663 51 NA
Buford Middle School Middle Regular 1,002 60 9
Buford High School High Regular 1,207 67 NA

Buford Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 51
NA
GreatSchools Rating

Buford Middle School

  • Education Level: Middle
  • # of students: 1,002
  • # of teachers: 60
9
GreatSchools Rating

Buford High School

  • Education Level: High
  • # of students: 1,207
  • # of teachers: 67
NA
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,215
Property Tax -$272
Property Insurance -$73
HOA -$67
Property Management Fees -$119
CASH FLOW
-$36

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.

$349,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.49%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,450

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,820

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,7503$1,7504$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 3739 Kasey Lane Buford, GA 1
    • 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.71
    •  
  • 2060 Harvest Ridge Circle Buford, GA 2
    • 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2011
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.75
    •  
  • 2268 White Alder Drive Buford, GA 3
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2006
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.71
    •  
  • 2525 Chandler Grove Drive Buford, GA 4
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2001
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 2183 Misty Brook Court Buford, GA 5
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 2010
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.80
    •  
PROPERTY LISTING DETAILS
Danielle Forlaw
1.678.764.4903
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6841070
Last Updated: 02/27/2021
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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