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4470 Plantation Mill Trail Buford, GA 30519

5 Beds 3 Baths 2,736 sqft Built 2003

$289,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $105.96
  • 3 Days on Market
  • MLS # : 6828050
  • Updated Date : 01/15/2021 at 21:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,736 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful 5 Bed, 2.5 Bath Home! Move in Ready! Recently Renovated, Fresh Paint, New Carpet. Excellent Ivy Creek Elem., Glenn C. Jones Middle, Mill Creek High. Swim, Tennis! 2 Car Garage. Formal Dining, Extra Details. Family Rm., Fireplace, Lovely Kitchen, Tiled Backsplash, Floor, Stainless Appliances, Pantry, Breakfast Area, Guest Bed, Powder Rm. Upstairs Landing, Spacious Owner Suite with Vaulted Ceiling, Double Vanity, Shower, Garden Tub, Large Walk-in Closet. Upstairs Laundry. 3 Beds share Hall Bath, Double Vanity. Back Patio, Serene Yard, Landscaping. Close to

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: 30519

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30519

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Ivy Creek Elementary School Primary Regular 916 52 8
Glenn C. Jones Middle School Middle Regular 1,362 74 9
Mill Creek High School High Regular 3,780 191 9

Ivy Creek Elementary School

  • Education Level: Primary
  • # of students: 916
  • # of teachers: 52
8
GreatSchools Rating

Glenn C. Jones Middle School

  • Education Level: Middle
  • # of students: 1,362
  • # of teachers: 74
9
GreatSchools Rating

Mill Creek High School

  • Education Level: High
  • # of students: 3,780
  • # of teachers: 191
9
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,007
Property Tax -$454
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$170

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.

$289,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$25,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,004

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8303$1,9504$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 4470 Plantation Mill Trail Buford, GA 2
    • 5 beds 3 baths ∙ 2,736 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,736 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.67
    •  
  • 2859 Suttonwood Way Buford, GA 1
    • 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 2007
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.66
    •  
  • 2758 Suttonwood Way Buford, GA 3
    • 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
    •  
  • 2729 Ogden Trail Buford, GA 4
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 2017
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 3766 Woodoats Circle Buford, GA 5
    • 5 beds 4 baths ∙ 3,072 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,072 Sqft ∙ Built 2019
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.78
    •  
PROPERTY LISTING DETAILS
Doug Minton
1.404.520.0015
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828050
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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