Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5185 Antler Court Suwanee, GA 30024

3 Beds 3 Baths 2,352 sqft Built 1997

$330,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $140.31
  • 7 Days on Market
  • MLS # : 6812059
  • Updated Date : 11/24/2020 at 15:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,352 sqft
  • Baths : 3 full
Listing Agent's Description

3 bed, 3 bath RANCH in North Gwinnett’s Deer Valley Neighborhood. Bright and light foyer, living room and dining room. Large owner’s suite with custom closet, his/hers sinks, whirlpool tub and separate shower. Open kitchen with stainless steel appliances and family room with a gas brick fireplace. Sunroom with double French doors, closet and recessed lighting leads out to back patio. 2 secondary beds and baths – 1 bed & bath is fully handicap accessible. Fenced backyard with patio & outbuilding with AC, Heat & Electrical.

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 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)
  • 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)
  • 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)

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
Riverside Elementary School Primary Regular 1,031 69 9
North Gwinnett Middle School Middle Regular 2,129 118 8
North Gwinnett High School High Regular 2,698 135 9

Riverside Elementary School

  • Education Level: Primary
  • # of students: 1,031
  • # of teachers: 69
9
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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,218
Property Tax -$391
Property Insurance -$73
HOA -$44
Property Management Fees -$119
CASH FLOW
-$14

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.

$330,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.55%

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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,887

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$1,8503$1,9004$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 5185 Antler Court Suwanee, GA 1
    • 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,352 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.78
    •  
  • 5166 Wellisford Court Suwanee, GA 2
    • 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2001
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 5240 W Price Road Suwanee, GA 3
    • 4 beds 4 baths ∙ 2,352 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,352 Sqft ∙ Built 2000
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 220 Gaines Oak Way Suwanee, GA 4
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2000
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 492 Antler Lane Suwanee, GA 5
    • 4 beds 4 baths ∙ 2,292 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,292 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Gail Butler
1.404.395.4068
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6812059
Last Updated: 11/24/2020
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.

BESbswy