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5836 Apple Grove Road Buford, GA 30519

4 Beds 3 Baths 2,369 sqft Built 2016

$289,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $122.37
  • 3 Days on Market
  • MLS # : 6840016
  • Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,369 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Like New..Built-in 2016, in sought after Mill Creek School Cluster... A Must See..! Beautiful finishes throughout, Open Space in the kitchen overseeing the living room with elegant coffered ceilings, granite countertops in the kitchen, Hardwood floors in the main, beamed ceilings master bedroom. Huge Owners Suite/ w dual vanities, separate shower, and soaking tub Step outside to a beautiful covered patio with an elegant wood burning fireplace to make beautiful memories with friends and family. Community pool.. near Top Golf, food shops, and entertainment..

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: 30519

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30519

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Duncan Creek Elementary School Primary Regular 1,129 75 8
Frank N. Osborne Middle School Middle Regular 1,639 98 9
Mill Creek High School High Regular 3,780 191 9

Duncan Creek Elementary School

  • Education Level: Primary
  • # of students: 1,129
  • # of teachers: 75
8
GreatSchools Rating

Frank N. Osborne Middle School

  • Education Level: Middle
  • # of students: 1,639
  • # of teachers: 98
9
GreatSchools Rating

Mill Creek High School

  • Education Level: High
  • # of students: 3,780
  • # of teachers: 191
9
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,007
Property Tax -$444
Property Insurance -$73
HOA -$47
Property Management Fees -$119
CASH FLOW
$20

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.

$289,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,916

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7004$1,7105$1,775
$1,775
RENT COMPS ANALYSIS
  • 5836 Apple Grove Road Buford, GA 4
    • 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.72
    •  
  • 2035 Black Pebble Circle Buford, GA 1
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2016
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.69
    •  
  • 5304 Castle Shoals Way Buford, GA 2
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2016
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.70
    •  
  • 5288 Cactus Cove Lane Buford, GA 3
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2016
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
  • 5876 Apple Grove Road Buford, GA 5
    • 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2016
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.75
    •  
PROPERTY LISTING DETAILS
Melvin Besares
1.678.994.1700
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6840016
Last Updated: 02/13/2021
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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