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$320,000

For Sale - Active
134 N Alexander St, Buford, GA 30518
2 Beds
1 Bath
928 Square Feet
0.00 Acres Lot
Built in 1940
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 23, 2025 at 07:01AM

Investment Summary


Monthly Cash Flow
-$448
Cap Rate
4.5%
Cash-on-Cash Return
-7.3%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-3.1%

Property Description


0.00 Acres Lot
Built in 1940
For Sale - Active
Units n/a

Welcome to 134 N Alexander Street - a beautifully updated home located in one of Georgia' s most sought-after school districts. Whether you're a savvy investor looking for your next Airbnb, rental, or a first-time home buyer dreaming of walkability and charm, this property checks all the boxes! Step inside to find gorgeous hardwood floors flowing throughout and an open kitchen that is perfect for entertaining, featuring stunning quartz countertops and an abundance of cabinet space. The layout offers both functionality and style, making it easy to feel right at home. Situated just steps away from all the restaurants, boutique shops, and entertainment options in historic Downtown Buford, you will love the convenience and vibrant community atmosphere. With its prime location and move-in ready interior, this home offers endless potential as a primary residence, short-term rental, or long-term investment. Don't miss out on this rare opportunity to own a piece of Buford's charm - schedule your showing today!

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Location


Property Details


Parking

  • Description: Kitchen Level, Parking Pad, Side/Rear Entrance
  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: None
  • Roof Type: Gable or Hip
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: R7294C108
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1940

Tax Information

  • Annual Tax: $1,442

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Gwinnett

Listing Details


Listed by:
Trey Patterson
Atlanta Fine Homes Sotheby's International
(404) 348-7805

Source:
First Multiple Listing Service (FMLS)
MLS#: 7589075
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$448
Cap Rate
4.5%
Cash-on-Cash Return
-7.3%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-3.1%

Purchase Details

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Purchase price:
$320,000
Amount financed:
-$256,000
Down payment:
$64,000
Closing costs:
$9,600
Rehab costs:
$0
Initial cash invested:
$73,600
Square feet:
928
Cost per square foot:
$345
Monthly rent per square foot:
$2.05

Financing Details

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Loan amount:
$256,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,639
Property tax:
$120
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,892

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$120-$1,442
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$595-$7,142

Cash Flow


Monthly Yearly
Net operating income:
$1,191 $14,292
Mortgage payments:
-$1,639 -$19,668
Cash flow:
$448 $5,376