Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3830 Maple Wood Trail Buford, GA 30518

4 Beds 4 Baths 2,198 sqft Built 1987

$220,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $100.09
  • 4 Days on Market
  • MLS # : 6820051
  • Updated Date : 12/18/2020 at 17:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,198 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Near Lake Lanier, Buford High School. Great location. Large lot, over 1/2 acre. Calling all investors, you can't this location.

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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30518

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30518

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9502009

* 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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$812
Property Tax -$171
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$429

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.

$220,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

14

YEARS SAVED

$58,371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,588

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5003$1,6004$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 3830 Maple Wood Trail Buford, GA 3
    • 4 beds 4 baths ∙ 2,198 Sqft ∙ Built 1987 4 beds 4 baths ∙ 2,198 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 1860 Jimmy Dodd Road Buford, GA 1
    • 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 1993
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.73
    •  
  • 2992 Summit Peak Way Snellville, GA 2
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1992
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 1890 Patrick Mill Place Buford, GA 4
    • 4 beds 2 baths ∙ 2,362 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,362 Sqft ∙ Built 2000
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
  • 1675 Patrick Mill Place Buford, GA 5
    • 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 2000
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.72
    •  
PROPERTY LISTING DETAILS
Susi Oconnor
1.678.986.8331
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820051
Last Updated: 12/18/2020
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.

BESbswy