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5080 Sugar Creek Drive Sugar Hill, GA 30518

4 Beds 3 Baths 2,616 sqft Built 1988

$295,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $112.77
  • 2 Days on Market
  • MLS # : 6803673
  • Updated Date : 11/02/2020 at 18:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,616 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome Home to this beautiful traditional 2 story home located in a cul-de-sac. Two large living areas, Two story foyer, New hardwood floors throughout, and fresh paint, Large Eat in kitchen, Screened in porch and much more! Enjoy the large private back yard with endless possibilities. No HOA! Sugar Hill living at it's finest & convenient to everything. Walk to E.E. Robinson Park and downtown Sugar Hill.

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
Sugar Hill Elementary School Primary Regular 1,202 77 8
Lanier Middle School Middle Regular 1,353 79 7
Lanier High School High Regular 1,718 88 7

Sugar Hill Elementary School

  • Education Level: Primary
  • # of students: 1,202
  • # of teachers: 77
8
GreatSchools Rating

Lanier Middle School

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 79
7
GreatSchools Rating

Lanier High School

  • Education Level: High
  • # of students: 1,718
  • # of teachers: 88
7
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,088
Property Tax -$314
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
$151

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.

$295,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$31,987

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,766

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6003$1,7504$1,8505$1,975
$1,975
RENT COMPS ANALYSIS
  • 5080 Sugar Creek Drive Sugar Hill, GA 3
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
  • 4950 Gold Mine Drive Sugar Hill, GA 1
    • 3 beds 3 baths ∙ 2,520 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,520 Sqft ∙ Built 1988
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.61
    •  
  • 907 Crested Hawk Trail Sugar Hill, GA 2
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 2008
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 4660 Glen Level Drive Sugar Hill, GA 4
    • 5 beds 3 baths ∙ 2,608 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,608 Sqft ∙ Built 2002
    LEASED 05/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.71
    •  
  • 5592 Snowy Orchid Drive Sugar Hill, GA 5
    • 5 beds 4 baths ∙ 2,787 Sqft ∙ Built 1997 5 beds 4 baths ∙ 2,787 Sqft ∙ Built 1997
    LEASED 05/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.71
    •  
PROPERTY LISTING DETAILS
Kateri Guzman
1.404.960.9655
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803673
Last Updated: 11/02/2020
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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