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3790 Baverton Drive Suwanee, GA 30024

4 Beds 4 Baths 2,895 sqft Built 2006

$470,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $162.35
  • 3 Days on Market
  • MLS # : 6860276
  • Updated Date : 03/27/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,895 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Stunning 4 bed, 3.5 bath home in Suwanee’s upscale gated Three Bridges community with swim, tennis & clubhouse! Bright and light kitchen with double ovens, gas range and stainless-steel appliances open to the family room with a butler’s pantry that leads to the separate dining room and a half bath. Owners’ suite located on the main level with his/hers sinks, whirlpool bath, separate shower, and large walk-in closet.

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: 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
Level Creek Elementary School Primary Regular 854 54 10
North Gwinnett Middle School Middle Regular 2,129 118 8
North Gwinnett High School High Regular 2,698 135 9

Level Creek Elementary School

  • Education Level: Primary
  • # of students: 854
  • # of teachers: 54
10
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
 

$423,000$517,000$470,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,632
Property Tax -$496
Property Insurance -$83
HOA -$165
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.

$470,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.52%

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$20k

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$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$17,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,468

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,4604$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 3790 Baverton Drive Suwanee, GA 3
    • 4 beds 4 baths ∙ 2,895 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,895 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.85
    •  
  • 616 Pringle Drive Suwanee, GA 1
    • 3 beds 3 baths ∙ 2,555 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,555 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 90 Ruby Forest Parkway Suwanee, GA 2
    • 5 beds 3 baths ∙ 2,553 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,553 Sqft ∙ Built 2000
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 686 Village Manor Place Suwanee, GA 4
    • 5 beds 4 baths ∙ 3,048 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,048 Sqft ∙ Built 2006
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.82
    •  
  • 3951 Baverton Drive Suwanee, GA 5
    • 4 beds 4 baths ∙ 2,723 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,723 Sqft ∙ Built 2014
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.95
    •  
PROPERTY LISTING DETAILS
Gail Butler
1.404.395.4068
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6860276
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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