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1036 Eagles Ridge Court Lawrenceville, GA 30043

5 Beds 4 Baths 2,984 sqft Built 1992

$359,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $120.61
  • 7 Days on Market
  • MLS # : 6820979
  • Updated Date : 12/22/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,984 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Completely Renovated home in Great Neighborhood. 5 bedroom with 31/2 baths. Master on the main, large secondary bedrooms upstairs with huge bonus room. Hardwood, Carpet and Tile Flooring. Family room with cozy fireplace, living room and dinning room. Updated kitchen with Granite countertops and stainless steel appliances. Private fenced backyard with deck for entertaining, gutter guard. Close to schools, shopping and restaurant. Easy access to I 85 and 316. Don't miss this one!

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: 30043

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30043

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
Jackson Elementary School Primary Regular 1,673 102 7
Northbrook Middle School Middle Regular 1,001 56 NA
Peachtree Ridge High School High Regular 3,211 163 8

Jackson Elementary School

  • Education Level: Primary
  • # of students: 1,673
  • # of teachers: 102
7
GreatSchools Rating

Northbrook Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 56
NA
GreatSchools Rating

Peachtree Ridge High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 163
8
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,328
Property Tax -$432
Property Insurance -$85
HOA -$54
Property Management Fees -$119
CASH FLOW
-$57

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.

$359,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$14,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7004$1,8005$1,960
$1,960
RENT COMPS ANALYSIS
  • 1036 Eagles Ridge Court Lawrenceville, GA 5
    • 5 beds 4 baths ∙ 2,984 Sqft ∙ Built 1992 5 beds 4 baths ∙ 2,984 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.66
    •  
  • 2441 Valentines Court Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1987
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.58
    •  
  • 1014 Wolf Springs Court Lawrenceville, GA 2
    • 4 beds 4 baths ∙ 2,650 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,650 Sqft ∙ Built 1992
    property image
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.64
    •  
  • 1551 Swan Valley Court Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2002
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.62
    •  
  • 840 Hounds Ridge Court Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 1989
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
PROPERTY LISTING DETAILS
Bola Esan
1.678.427.4011
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820979
Last Updated: 12/22/2020
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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