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4189 Brynhill Lane Buford, GA 30518

4 Beds 3 Baths 2,126 sqft Built 2008

$260,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $122.30
  • 5 Days on Market
  • MLS # : 6802759
  • Updated Date : 10/31/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,126 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Don't miss out on this fantastic two story traditional home! Brand new neighborhood pool and tennis courts! Enjoy downtime and summers in your fenced in backyard. Prepare meals in your eat-in kitchen. Large family room, sunny kitchen, oversized master bedroom with 12' ceilings and 2 walk-in closets and much more. New roof last year! Gwinnett County schools, close to I-85, I-985, and Mall of Georgia! This one won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$959
Property Tax -$398
Property Insurance -$68
HOA -$70
Property Management Fees -$119
CASH FLOW
$6

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.

$260,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.62%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,089

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,615
1$1,6152$1,6203$1,7004$1,8005$1,849
$1,849
RENT COMPS ANALYSIS
  • 4189 Brynhill Lane Buford, GA 2
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.76
    •  
  • 1282 Joe Brogdon Lane Buford, GA 1
    • 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 1997
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,615
    • $0.81
    •  
  • 3914 Tristan Way Suwanee, GA 3
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2003
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 3690 Crescent Walk Lane Suwanee, GA 4
    • 3 beds 2 baths ∙ 2,199 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,199 Sqft ∙ Built 2002
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 3895 Tristan Way Suwanee, GA 5
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 2003
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.86
    •  
PROPERTY LISTING DETAILS
Geoffrey Devino
1.470.222.3622
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802759
Last Updated: 10/31/2020
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.

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