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1020 Park Creek Circle Lawrenceville, GA 30044

4 Beds 2 Baths 1,496 sqft Built 1986

$230,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $153.74
  • 3 Days on Market
  • MLS # : 6815928
  • Updated Date : 12/05/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,496 sqft
  • Baths : 2 full
Listing Agent's Description

Well maintained split foyer featuring 4 bedrooms and 2 full baths. Upgrades including laminate and tile flooring in kitchen and bathrooms, beautiful tile showers, stainless steel kitchen appliances. Fresh vinyl siding throughout the exterior as well as a new metal garage door. Level yard with back deck great for guests featuring steps to access. Minutes from I-85 and shopping! NO HOA!

SEE MORE

MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k227k

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

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9481552

* 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
Bethesda Elementary School Primary Regular 1,366 90 7
Sweetwater Middle School Middle Regular 1,980 117 5
Berkmar High School High Regular 3,439 198 4

Bethesda Elementary School

  • Education Level: Primary
  • # of students: 1,366
  • # of teachers: 90
7
GreatSchools Rating

Sweetwater Middle School

  • Education Level: Middle
  • # of students: 1,980
  • # of teachers: 117
5
GreatSchools Rating

Berkmar High School

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

$207,000$253,000$230,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$849
Property Tax -$276
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$60

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.

$230,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$16,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,320

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,4003$1,4504$1,5255$1,550
$1,550
RENT COMPS ANALYSIS
  • 1020 Park Creek Circle Lawrenceville, GA 1
    • 4 beds 2 baths ∙ 1,496 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,496 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.91
    •  
  • 3190 James Path Drive Lawrenceville, GA 2
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1990
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 1231 Oak Arbour Avenue Lawrenceville, GA 3
    • 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1989
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 2803 Loral Pines Drive Lawrenceville, GA 4
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1994
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.90
    •  
  • 1270 Baldridge Drive Lawrenceville, GA 5
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1988
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
PROPERTY LISTING DETAILS
Cameron Liptak
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815928
Last Updated: 12/05/2020
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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