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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $122.44
- 3 Days on Market
- MLS # : 6813311
- Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,442 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
WOW! So many upgrades! Brand new kitchen with granite counters, tile backsplash and ALL new stainless appliances! All new insulated windows throughout! All new flooring on main, all new carpet upstairs! SMOOTH ceilings on entire main level! New fireplace in family room overlooks new deck! Huge master bedroom with vaulted ceiling and sitting area leads into brand new master bath with all new flooring, double sink, new glass shower, and walk in closet! Entire home is freshly painted with neutral colors, including 3 guest rooms upstairs. Completely move in ready! New
SEE MORE
- 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 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)
- #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)
PRICE & RENT TRENDS
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$359 | |
| Property Insurance | -$74 | |
| HOA | -$46 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$99
|
||
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.
$299,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
6.33
YEARS SAVED
$25,329
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,886
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
720 Paris Drive Lawrenceville, GA 5
- 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,800
- $0.74
-
280 Brynfield Parkway Suwanee, GA 1
- 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2006
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,750
- $0.78
-
2498 Brynfield Cove Suwanee, GA 2
- 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2007
LEASED 11/29/19- Rent
- Rent Per SQFT
- $1,800
- $0.80
-
2488 Brynfield Cove Suwanee, GA 3
- 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2006
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,800
- $0.72
-
2609 Falcon Nest Court Suwanee, GA 4
- 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1989
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,800
- $0.79
PROPERTY LISTING DETAILS
1.678.618.3013
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813311
Last Updated: 11/28/2020
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.
