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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $160.59
- 2 Days on Market
- MLS # : 6820535
- Updated Date : 12/19/2020 at 21:40
CONSTRUCTION
- Beds : 3
- Floor Size : 2,304 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Location! Location! Location! Fantastic home established in Hunters Run. Absolutely perfect location, very close to everything. This beautiful bright and open home has, 3 bedrooms, 2 full and 1 half bath. Master bedroom with sitting room, loft area, and a full unfinished basement to boot. Move-In Ready smack in the middle of Lambert School District, in Forsyth County. This home has a full office right on the main floor, with a gorgeous two-story great room. A perfectly crafted gas fireplace, with a sprawling open kitchen and a massive walk-in pantry.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Zip Code: 30024
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30024
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$305 | |
| Property Insurance | -$72 | |
| HOA | -$25 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$45
|
||
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.
$370,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.3% |
| 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
$103,800
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
4.42
YEARS SAVED
$18,954
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,872
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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- $1,840
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385 Pintail Court Suwanee, GA 1
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LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,750
- $0.78
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430 Morning Dove Lane Suwanee, GA 2
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LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,800
- $0.82
-
3935 Barberry Court Cumming, GA 3
- 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1995
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LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.83
-
440 Pintail Court Suwanee, GA 5
- 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2004
![property image]()
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,850
- $0.82
PROPERTY LISTING DETAILS
1.678.895.8849
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820535
Last Updated: 12/19/2020
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.
