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

771 Sunset Park Drive Suwanee, GA 30024

3 Beds 4 Baths 2,087 sqft Built 2019

$349,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $167.66
  • 5 Days on Market
  • MLS # : 6810642
  • Updated Date : 11/20/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,087 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Great Location- off Peachtree Industrial and McGinnis Ferry Rd. 2019 Built! Better than New! 4 sides brick townhouse in heart of Suwanee! Front entry 2 car garage with private backyard. 5 min from Suwanee town center. White cabinets, beautiful granite countertops w/ subway backsplash, blinds, stainless steel appliances including a refrigerator, washer and dryer. Spacious owner suites and bath with a soaking tub, walk-in closet, large secondary bedrooms w/ private bath. Open floor plan, hardwood floor on main and stairs, Huge balcony!! so much more to offer!! Won't

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Burnette Elementary School Primary Regular 705 50 9
Hull Middle School Middle Regular 1,275 86 9
Peachtree Ridge High School High Regular 3,211 163 8

Burnette Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 50
9
GreatSchools Rating

Hull Middle School

  • Education Level: Middle
  • # of students: 1,275
  • # of teachers: 86
9
GreatSchools Rating

Peachtree Ridge High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 163
8
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,291
Property Tax -$369
Property Insurance -$67
HOA -$260
Property Management Fees -$119
CASH FLOW
-$7

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$349,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.60%

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) 3.00%
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$94,724

INVESTMENT

$94,724

Down Payment
$87,475
Rehab Estimate
$2,000
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,889

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,9003$1,9504$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 771 Sunset Park Drive Suwanee, GA 5
    • 3 beds 4 baths ∙ 2,087 Sqft ∙ Built 2019 3 beds 4 baths ∙ 2,087 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.01
    •  
  • 3977 Brushy Ridge Way Suwanee, GA 1
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 1999
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 4110 Baxter Trail Suwanee, GA 2
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 2003
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 736 Village Manor Place Suwanee, GA 3
    • 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2006
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 820 Village Field Court Suwanee, GA 4
    • 4 beds 4 baths ∙ 2,184 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,184 Sqft ∙ Built 2008
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
PROPERTY LISTING DETAILS
Kelly Kim
1.678.464.4929
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6810642
Last Updated: 11/20/2020
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