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100 Pristine Drive Locust Grove, GA 30248

4 Beds 3 Baths 2,252 sqft Built 2007

$272,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $120.78
  • 8 Days on Market
  • MLS # : 6842475
  • Updated Date : 02/25/2021 at 00:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,252 sqft
  • Baths : 3 full
Listing Agent's Description

This is a Must See!!! Close to McDonough or Stockbridge and Atl. Rare 4 Sided Brick 4 Bedroom 3 Full Bathroom Home in a Great Quiet Nbhd with Walking Trail. 2 BEDROOMS ON THE MAIN! Large Master Suite and Bathroom on Main Floor with an Additional BDR and Bath on Main. Two Large Bedrooms upstairs with Large Closets with One Full Bathroom Upstairs. Hardwoods on Main and a Cozy Fireplace to Unwind after a long day. Nice Eat in Kitchen. Fenced Back yard. Corner Lot. 2 Car Garage! No HOA. Minutes from Tanger Outlet. Highly Sought After Locust Grove. Excellent Schools.

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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Pristine Forest

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Pristine Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Unity Grove Elementary School Primary Regular 816 52 4
Locust Grove Middle School Middle Regular 980 52 4
Locust Grove High School High Regular 1,371 82 5

Unity Grove Elementary School

  • Education Level: Primary
  • # of students: 816
  • # of teachers: 52
4
GreatSchools Rating

Locust Grove Middle School

  • Education Level: Middle
  • # of students: 980
  • # of teachers: 52
4
GreatSchools Rating

Locust Grove High School

  • Education Level: High
  • # of students: 1,371
  • # of teachers: 82
5
GreatSchools Rating
 

$244,800$299,200$272,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$945
Property Tax -$299
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$347

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$272,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,830

INVESTMENT

$77,830

Down Payment
$68,000
Rehab Estimate
$5,750
Closing Costs
$4,080

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,000
Loan Amount $204,000
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$38,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,757

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,7053$1,7804$1,8705$1,970
$1,970
RENT COMPS ANALYSIS
  • 100 Pristine Drive Locust Grove, GA 3
    • 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.79
    •  
  • 1126 Saint Phillips Court Locust Grove, GA 1
    • 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 2004
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.73
    •  
  • 137 Mcarthur Drive Locust Grove, GA 2
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2018
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,705
    • $0.73
    •  
  • 400 Invector Court Locust Grove, GA 4
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2018
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.80
    •  
  • 405 Invector Court Locust Grove, GA 5
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2018
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.86
    •  
PROPERTY LISTING DETAILS
Zoey Davis Williams
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6842475
Last Updated: 02/25/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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