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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $173.47
- 3 Days on Market
- MLS # : 6822524
- Updated Date : 01/02/2021 at 08:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,450 sqft
- Baths : 4 full , 1 half
Listing Agent's Description
2 years new in Buford city school district with full basement and high end finishes with an open floor plan. This beautiful house is covered in brick and hardy plank siding with a cozy covered porch out front. Enter the home to see beautiful hardwood floors throughout the main level. You will fall in love with the kitchen detailed with white cabinets and stainless steel appliances. This stunning home features an oversized bedroom on main as well as an office space. Customizable basement is ready for you to make it your own! Oversized master suite.
SEE MORE
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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)
- 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'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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
PRICE & RENT TRENDS
Zip Code: 30518
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30518
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$330 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$88
|
||
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.
$425,000
PROJECTED PRICE
$2,180
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
6.25
YEARS SAVED
$35,447
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,156
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
460 S Alexander Street Buford, GA 3
- 5 beds 5 baths ∙ 2,450 Sqft ∙ Built 2018 5 beds 5 baths ∙ 2,450 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,180
- $0.89
-
4868 Maple Glen Drive Sugar Hill, GA 1
- 5 beds 3 baths ∙ 2,120 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,120 Sqft ∙ Built 2013
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,867
- $0.88
-
5542 Leaf Ridge Lane Buford, GA 2
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2013
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,000
- $0.77
-
2080 Brickton Station Buford, GA 4
- 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1998
LEASED 12/07/20- Rent
- Rent Per SQFT
- $2,495
- $0.99
PROPERTY LISTING DETAILS
1.770.605.2221
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6822524
Last Updated: 01/02/2021
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. © 2017 First Multiple Listing Service, Inc.
