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$650,000

Sale Pending
2587 Summer Song Way, Buford, GA 30519
5 Beds
4 Baths
3,648 Square Feet
0.00 Acres Lot
Built in 2014
Sale Pending
Units n/a
Checked: 17 hours ago
Updated: Oct 05, 2025 at 10:10AM

Investment Summary


Monthly Cash Flow
-$1,729
Cap Rate
3.0%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.4%

Property Description


0.00 Acres Lot
Built in 2014
Sale Pending
Units n/a

Huge price improvement, stylish, spacious and move in ready in the sought after Summerhaven community, nestled in a quiet cul de sac this beautifully maintained home blends timeless elegance with modern comfort and thoughtful design, step inside to a stunning open concept layout with wood floors throughout the main level perfect for entertaining and everyday living, at the heart of the home is a spacious chef’s kitchen featuring a large island, stainless steel appliances, farmhouse sink, slide out cabinetry, and a dedicated pantry for added convenience, seamlessly connected to the formal dining room, living room, and breakfast area the flow is perfect for hosting gatherings or relaxing at home, enjoy coffered ceilings in the living room anchored by a cozy gas fireplace and a private office with French doors ideal for working from home, heavy trim details throughout the house add a touch of luxury to every room, the main level also offers a full guest suite with a bedroom and full bath perfect for visitors or multigenerational living, upstairs retreat to the luxurious owner’s suite featuring a spa like bath with double vanity, soaking tub, updated frameless glass shower, and an oversized walk in closet, three generously sized secondary bedrooms all include large closets and ceiling fans while a spacious loft or media room offers the perfect space for movie nights, a playroom, or a second home office, enjoy the convenience of a second floor laundry room, additional highlights include plantation shutters throughout, an oversized three car garage with additional parking pad, irrigation system, and invisible dog fence, step outside to a private backyard retreat with a covered patio and a custom Arcadia aluminum pergola featuring built in lighting, fans, and automated rain sensing roof panels creating the perfect space for year round outdoor living, a natural gas connection for a BBQ makes outdoor cooking and entertaining effortless, located close to shopping, dining, and top rated schools this home offers the best of both convenience and comfort, schedule your private showing today to make it yours

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Location


Property Details


Parking

  • Description: Garage, Kitchen Level, Level Driveway
  • Details: Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Attic: Yes
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: Concrete Perimeter
  • Roof Type: Gable or Hip
  • Roof Material: Composition, Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $875/annually

Land Information

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

Lot Information

  • Parcel ID: R1002A109
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2014

Tax Information

  • Annual Tax: $8,896

Utilities

  • Water & Sewer: Public
  • Heating: ENERGY STAR Qualified Equipment, Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Gwinnett

Listing Details


Listed by:
Liubov Kriel
Virtual Properties Realty. Biz
(404) 932-4566

Source:
First Multiple Listing Service (FMLS)
MLS#: 7618235
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$1,729
Cap Rate
3.0%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.4%

Purchase Details

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Purchase price:
$650,000
Amount financed:
-$520,000
Down payment:
$130,000
Closing costs:
$19,500
Rehab costs:
$0
Initial cash invested:
$149,500
Square feet:
3,648
Cost per square foot:
$178
Monthly rent per square foot:
$0.96

Financing Details

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Loan amount:
$520,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,330
Property tax:
$741
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,316

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$741-$8,896
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (2%)
2%-$73-$876
Total operating expenses: (48%)
48%-$1,689-$20,272

Cash Flow


Monthly Yearly
Net operating income:
$1,601 $19,212
Mortgage payments:
-$3,330 -$39,960
Cash flow:
-$1,729 -$20,748