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4506 Kerrington Avenue Sugar Hill, GA 30518

4 Beds 4 Baths 2,000 sqft Built 2017

$320,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $160.00
  • 4 Days on Market
  • MLS # : 6805224
  • Updated Date : 11/06/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Awesome 4 bd, 3.5 bth end unit townhome in sought-after gated comm. with swim/tennis amenities. Walk out to covered porch (upgrade) from gourmet kitchen. Upgrades galore: coffered ceilings, HW in basement, charging station in garage, lighting/ceiling fans, custom closets. This home is in immaculate condition, and feels like model home, well maintained & perfect for your pickiest buyers. Great loc., close to parks, top rated Nrth Gwinnett sch. district, shops, restaurants & minutes to downtown Suwanee. No more yard work, and ready for you to enjoy a carefree lifestyle!

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
Level Creek Elementary School Primary Regular 854 54 10
North Gwinnett Middle School Middle Regular 2,129 118 8
North Gwinnett High School High Regular 2,698 135 9

Level Creek Elementary School

  • Education Level: Primary
  • # of students: 854
  • # of teachers: 54
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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,181
Property Tax -$394
Property Insurance -$66
HOA -$200
Property Management Fees -$119
CASH FLOW
$21

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.

$320,000

PROJECTED PRICE

$1,980

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9003$1,9804$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 4506 Kerrington Avenue Sugar Hill, GA 3
    • 4 beds 4 baths ∙ 2,000 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,000 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.99
    •  
  • 135 Friars Head Drive Suwanee, GA 1
    • 3 beds 4 baths ∙ 1,952 Sqft ∙ Built 2003 3 beds 4 baths ∙ 1,952 Sqft ∙ Built 2003
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 2389 Village Grove Drive Suwanee, GA 2
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2017
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
  • 740 Village Field Court Suwanee, GA 4
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2013
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
  • 2339 Village Grove Drive Suwanee, GA 5
    • 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 2017
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
PROPERTY LISTING DETAILS
Susan Zanders
1.770.289.4604
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805224
Last Updated: 11/06/2020
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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