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1051 Camden Hill Court Lawrenceville, GA 30046

4 Beds 3 Baths 2,150 sqft Built 1988

INVESTimate

$265,000

List Price

$1,580

$1,422 - $1,738

Rent Est.

$289,672  ( +9.31%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $123.26
  • 9 Days on Market
  • MLS # : 6753678
  • Updated Date : 08/24/2020 at 18:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,150 sqft
  • Baths : 3 full
Listing Agent's Description

BACK ON MARKET! BUYER'S FINANCING FELL THROUGH. Immaculately maintained 4 bedroom home with full bedroom & bath on main level. Eat in kitchen features large eat in space, granite counter tops & leads to a sun-room that view beautiful professionally landscaped backyard. Home additionally boasts expansive owners suite, large secondary bedroom and room for expansion with an unfinished bonus area on the upper level. Just a few minutes from town, all the shops, restaurants & parks. Moore Middle & Central Gwinnett High Schools are within walking distance.

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: 30046

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $82k227k

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

Zip Code: 30046

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8171552

* 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
Margaret Winn Holt Elementary School Primary Regular 1,172 81 5
Moore Middle School Middle Regular 1,011 63 6
Central Gwinnett High School High Regular 2,748 152 5

Margaret Winn Holt Elementary School

  • Education Level: Primary
  • # of students: 1,172
  • # of teachers: 81
5
GreatSchools Rating

Moore Middle School

  • Education Level: Middle
  • # of students: 1,011
  • # of teachers: 63
6
GreatSchools Rating

Central Gwinnett High School

  • Education Level: High
  • # of students: 2,748
  • # of teachers: 152
5
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$978
Property Tax -$279
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$136

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.

$265,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.31%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$20,270

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,543

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5803$1,6004$1,6505$1,725
$1,725
RENT COMPS ANALYSIS
  • 1051 Camden Hill Court Lawrenceville, 2
    • 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.73
    •  
  • 195 King Arthur Drive Lawrenceville, 1
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1972
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.74
    •  
  • 531 Thornbush Trace Lawrenceville, 3
    • 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 1992
    LEASED 03/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.66
    •  
  • 24 Melanie Rose Lane Lawrenceville, 4
    • 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 1998
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 943 Town Square Court Lawrenceville, 5
    • 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,292 Sqft ∙ Built 2005
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.75
    •  
PROPERTY LISTING DETAILS
Amy E Bortman
1.770.841.3598
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6753678
Last Updated: 08/24/2020
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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