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4150 Baxter Trail #5 Suwanee, GA 30024

3 Beds 3 Baths 1,932 sqft Built 2003

$329,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $170.76
  • 3 Days on Market
  • MLS # : 6828422
  • Updated Date : 01/16/2021 at 10:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,932 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

HISHEST AND BEST OFFERS TO BE RECEIVED BY: 6:00 PM, SUNDAY, JANUARY 17TH. Location, Location, Location!!! Conveniently located near Suwanee Town Center, area parks (including one in the neighborhood), greenway trail, White Street Orchard & the Suwanee Community Garden. Quiet sidewalk community of Old Suwanee with charming gas lanterns and tree lined streets. Move in ready craftsman home with covered front porch and 2 additional outdoor screen

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 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
Roberts Elementary School Primary Regular 835 51 10
North Gwinnett Middle School Middle Regular 2,129 118 8
North Gwinnett High School High Regular 2,698 135 9

Roberts Elementary School

  • Education Level: Primary
  • # of students: 835
  • # of teachers: 51
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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,146
Property Tax -$348
Property Insurance -$65
HOA -$104
Property Management Fees -$119
CASH FLOW
$28

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.

$329,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.55%

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

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$16,668

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,835

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,810
1$1,8102$1,8503$1,8754$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 4150 Baxter Trail Suwanee, GA 1
    • 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.94
    •  
  • 4070 Brushy Creek Way Suwanee, GA 2
    • 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 1998
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
  • 910 Brushy Creek Court Suwanee, GA 3
    • 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 1997
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.98
    •  
  • 4110 Baxter Trail Suwanee, GA 4
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 2003
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 820 Village Field Court Suwanee, GA 5
    • 4 beds 4 baths ∙ 2,184 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,184 Sqft ∙ Built 2008
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
PROPERTY LISTING DETAILS
Kelly Hubbard
1.678.227.2680
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828422
Last Updated: 01/16/2021
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. © 2017 First Multiple Listing Service, Inc.

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