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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $105.18
- 4 Days on Market
- MLS # : 6842508
- Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,995 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
Charming craftsman style home in cul de sac! Large 5 bedroom, 3.5 bath home with plenty of space for the entire family! Great location close to shopping, restaurants, and schools. The full finished basement features a second fireplace and custom bar. A creek borders the back of the property which you can view from the beautiful wrap around porch. New roof was installed May of 2020!
SEE MORE
- 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)
- 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).
- #1 World’s Busiest Airport(Airports Council International, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 | $2,000 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$484 | |
| Property Insurance | -$85 | |
| HOA | -$41 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$177
|
||
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.
$315,000
PROJECTED PRICE
$2,000
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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
7.08
YEARS SAVED
$26,939
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 -
$0.67
LIST RENT PER SQFT
-
$2,007
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
4431 Keenly Valley Drive Buford, GA 4
- 5 beds 4 baths ∙ 2,995 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,995 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,000
- $0.67
-
2701 Sedgeview Lane Buford, GA 1
- 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
-
3543 Cascade Ive Drive Buford, GA 2
- 4 beds 4 baths ∙ 3,027 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,027 Sqft ∙ Built 1999
LEASED 12/20/20- Rent
- Rent Per SQFT
- $1,895
- $0.63
-
2229 Bender Trail Buford, GA 3
- 5 beds 3 baths ∙ 2,853 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,853 Sqft ∙ Built 2017
LEASED 07/04/20- Rent
- Rent Per SQFT
- $1,995
- $0.70
-
4591 Millstone Walk Drive Buford, GA 5
- 6 beds 5 baths ∙ 3,285 Sqft ∙ Built 2003 6 beds 5 baths ∙ 3,285 Sqft ∙ Built 2003
LEASED 11/23/19- Rent
- Rent Per SQFT
- $2,100
- $0.64
PROPERTY LISTING DETAILS
1.770.539.1097
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842508
Last Updated: 02/20/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.
