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1006 Park Forest Trail Nw Trail Lilburn, GA 30047

5 Beds 2 Baths 2,890 sqft Built 1983

$249,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $86.47
  • 7 Days on Market
  • MLS # : 6801904
  • Updated Date : 10/29/2020 at 16:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,890 sqft
  • Baths : 2 full
Listing Agent's Description

UPDATED 5 BEDROOM SPLIT LEVEL HOME IN EXCELLENT LOCATION. NEW PAINT INSIDE AND OUT, NEW CARPET AND NEW FLOORING DOWNSTAIRS. LARGE SECONDARY FAMILY ROOM ON LOWER LEVEL WITH FIREPLACE. FLAT LOT WITH NEW DECK. ONE CAR GARAGE, SPACIOUS FAMILY ROOM/DINING ROOM AREA. NO HOA!

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30047

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30047

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Hopkins Elementary School Primary Regular 1,980 138 5
Berkmar Middle School Middle Regular 1,049 70 8
Berkmar High School High Regular 3,439 198 4

Hopkins Elementary School

  • Education Level: Primary
  • # of students: 1,980
  • # of teachers: 138
5
GreatSchools Rating

Berkmar Middle School

  • Education Level: Middle
  • # of students: 1,049
  • # of teachers: 70
8
GreatSchools Rating

Berkmar High School

  • Education Level: High
  • # of students: 3,439
  • # of teachers: 198
4
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$922
Property Tax -$267
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
$259

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.

$249,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
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$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$42,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $1,975

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8003$1,9004$2,000
$2,000
RENT COMPS ANALYSIS
  • 1006 Park Forest Trail Nw Trail Lilburn, GA 1
    • 5 beds 2 baths ∙ 2,890 Sqft ∙ Built 1983 5 beds 2 baths ∙ 2,890 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.57
    •  
  • 227 Sandra Drive Nw Lilburn, GA 2
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1973
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
  • 1014 Brockdell Court Norcross, GA 3
    • 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 1980
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.67
    •  
  • 5300 Durham Ridge Court Lilburn, GA 4
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 1992
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
PROPERTY LISTING DETAILS
Aleem Rashid
1.678.622.2345
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6801904
Last Updated: 10/29/2020
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.

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