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4840 Yorkshire Lane Suwanee, GA 30024

3 Beds 3 Baths 2,325 sqft Built 1991

$360,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $154.84
  • 4 Days on Market
  • MLS # : 6832827
  • Updated Date : 01/30/2021 at 19:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,325 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Phenomenal in South Forsyth. Lovable in Lambert. Great opportunity to get into a top school district at a phenomenal value. Impeccable recent upgrades. Fully remodeled master bath w/ frameless shower, freestanding tub and heated floors. 3 Bedrooms plus office. New paint, new carpet and new hardwoods throughout. New HVAC. Easy walk to community pool. Located on a quiet low-traffic street. Fenced backyard with fruit trees(2 peach, 2 pear, 2 persimmon). This home is ready to make memories for years to come.

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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)
  • #1 Most affordable big city (WalletHub, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Zip Code: 30024

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k373k

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

Zip Code: 30024

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9732129

* 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
Sharon Elementary School Primary Regular 1,075 55 8
Riverwatch Middle School Middle Regular 1,394 73 10
Lambert High School High Regular 2,741 143 10

Sharon Elementary School

  • Education Level: Primary
  • # of students: 1,075
  • # of teachers: 55
8
GreatSchools Rating

Riverwatch Middle School

  • Education Level: Middle
  • # of students: 1,394
  • # of teachers: 73
10
GreatSchools Rating

Lambert High School

  • Education Level: High
  • # of students: 2,741
  • # of teachers: 143
10
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,250
Property Tax -$300
Property Insurance -$72
HOA -$52
Property Management Fees -$119
CASH FLOW
$16

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.

$360,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$18,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8104$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 4840 Yorkshire Lane Suwanee, GA 3
    • 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.78
    •  
  • 405 Wood Duck Court Suwanee, GA 1
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2004
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 430 Morning Dove Lane Suwanee, GA 2
    • 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2003
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 440 Pintail Court Suwanee, GA 4
    • 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,243 Sqft ∙ Built 2004
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
  • 4820 Westbury Lane Suwanee, GA 5
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1992
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
PROPERTY LISTING DETAILS
Steve Ujvagi
1.678.520.5898
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832827
Last Updated: 01/30/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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