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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $111.25
- 2 Days on Market
- MLS # : 6819763
- Updated Date : 12/19/2020 at 11:53
CONSTRUCTION
- Beds : 4
- Floor Size : 2,472 sqft
- Baths : 3 full
Listing Agent's Description
Start off the New Year with a great deal! All stainless steel appliances are staying ..fridge is only one year old, double oven, granite countertops, Hardwood floors on main level with split bedroom plan, In-law suite on lower level and backyard complete with pellet smoker/grill combo, outdoor tv with speakers ... large fenced in yard!
SEE MORE
- 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: 30519
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30519
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$421 | |
| Property Insurance | -$75 | |
| HOA | -$39 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$72
|
||
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.
$275,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.58
YEARS SAVED
$19,852
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,805
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
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4095 Gables Place Buford, GA 3
- 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,740
- $0.70
-
2575 Hamilton Parc Lane Buford, GA 1
- 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1997
LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,595
- $0.71
-
1762 Hamilton Dam Trail Dacula, GA 2
- 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 1992
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,700
- $0.77
-
2701 Sedgeview Lane Buford, GA 4
- 5 beds 3 baths ∙ 2,648 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,648 Sqft ∙ Built 2006
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,870
- $0.71
-
2758 Suttonwood Way Buford, GA 5
- 5 beds 3 baths ∙ 2,686 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,686 Sqft ∙ Built 2006
LEASED 08/25/20- Rent
- Rent Per SQFT
- $1,950
- $0.73
PROPERTY LISTING DETAILS
1.404.922.2346
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6819763
Last Updated: 12/19/2020
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.
