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418 Sweetfern Lane Sugar Hill, GA 30518

5 Beds 4 Baths 2,413 sqft Built 1996

$397,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $164.53
  • 4 Days on Market
  • MLS # : 6828027
  • Updated Date : 01/15/2021 at 16:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,413 sqft
  • Baths : 2 full , 2 half
Listing Agent's Description

Look no further, this is your Dream Home!! Located in the heart of Sugar Hill, this house has it all. Just under 1 Acre Cul-De-Sac Lot, Huge Front & Back yard, Owner is a Master Gardener & has many types of trees, bushes & flowers that bloom year round. Back yard has it's own nature walking trails, fire pit sitting area & Pergola w/ giant swing that overlooks a koi fish pond. Inside has had many updates including Granite counters, painted cabinets, antique laundry room door, new lighting. Master Bath updated w/ tile floors, granite double vanity, new mirrors & lights.

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: 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
Sugar Hill Elementary School Primary Regular 1,202 77 8
Lanier Middle School Middle Regular 1,353 79 7
Lanier High School High Regular 1,718 88 7

Sugar Hill Elementary School

  • Education Level: Primary
  • # of students: 1,202
  • # of teachers: 77
8
GreatSchools Rating

Lanier Middle School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 79
7
GreatSchools Rating

Lanier High School

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 88
7
GreatSchools Rating
 

$357,300$436,700$397,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,379
Property Tax -$423
Property Insurance -$74
HOA -$70
Property Management Fees -$119
CASH FLOW
-$65

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.

$397,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.50%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,955

INVESTMENT

$110,955

Down Payment
$99,250
Rehab Estimate
$5,750
Closing Costs
$5,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,250
Loan Amount $297,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,045

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$2,0003$2,0004$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 418 Sweetfern Lane Sugar Hill, GA 3
    • 5 beds 4 baths ∙ 2,413 Sqft ∙ Built 1996 5 beds 4 baths ∙ 2,413 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 5335 Lexington View Place Sugar Hill, GA 1
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1996
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.84
    •  
  • 5744 Tattersall Terrace Sugar Hill, GA 2
    • 4 beds 2 baths ∙ 2,266 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,266 Sqft ∙ Built 1999
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 895 Thoroughbred Trace Sugar Hill, GA 4
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1993
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.80
    •  
  • 819 Pond View Court Sugar Hill, GA 5
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2001
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
PROPERTY LISTING DETAILS
The Vallee Team
1.678.804.2689
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828027
Last Updated: 01/15/2021
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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