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5965 River Rush Court Sugar Hill, GA 30518

5 Beds 4 Baths 2,718 sqft Built 2005

$415,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $152.69
  • 4 Days on Market
  • MLS # : 6828156
  • Updated Date : 01/15/2021 at 09:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,718 sqft
  • Baths : 4 full
Listing Agent's Description

Welcome to River Rush, where you'll find this lovely home on one of the most unique cul-de-sac lots around! Located just 1 mile from Sugar Hill shopping centers, Buford Dam Park and Lanier Park on Lake Lanier! You'll see the great curb appeal on the brick front , but you'll be drawn to the back yard by the massive rock hillside, and you'll feel like you're at a mountain retreat! A custom drain has been professionally installed, as well as dry creek iron fence! The interior does not disappoint, with a recent update of engineered hardwood on the main level.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 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
Sycamore Elementary School Primary Regular 724 48 7
Lanier Middle School Middle Regular 1,353 79 7
Lanier High School High Regular 1,718 88 7

Sycamore Elementary School

  • Education Level: Primary
  • # of students: 724
  • # of teachers: 48
7
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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,441
Property Tax -$402
Property Insurance -$80
HOA -$92
Property Management Fees -$119
CASH FLOW
$76

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.

$415,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.53%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$24,975

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,018

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9953$2,1504$2,2105$2,250
$2,250
RENT COMPS ANALYSIS
  • 5965 River Rush Court Sugar Hill, GA 4
    • 5 beds 4 baths ∙ 2,718 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,718 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.81
    •  
  • 931 Upland Ives Drive Sugar Hill, GA 1
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2012
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 836 Avonley Creek Trace Sugar Hill, GA 2
    • 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 2008
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.73
    •  
  • 551 Wagon Hill Lane Sugar Hill, GA 3
    • 5 beds 3 baths ∙ 2,746 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,746 Sqft ∙ Built 2016
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
  • 360 Big Bend Trail Sugar Hill, GA 5
    • 4 beds 4 baths ∙ 2,946 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,946 Sqft ∙ Built 1999
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.76
    •  
PROPERTY LISTING DETAILS
Chad Buffington
1.678.267.7080
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828156
Last Updated: 01/15/2021
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. © 2017 First Multiple Listing Service, Inc.

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