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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $132.93
- 4 Days on Market
- MLS # : 6839369
- Updated Date : 02/13/2021 at 03:40
CONSTRUCTION
- Beds : 5
- Floor Size : 2,633 sqft
- Baths : 4 full
Listing Agent's Description
Stunning HGTV home! 5 bed, 4 bath RANCH WITH A FULL BASEMENT in Collins Hill School District! NO EXPENSE WAS SPARED WITH THE MAIN LEVEL RENOVATIONS!!! Stunning hardwoods throughout the home! The kitchen features granite countertops and stainless-steel appliances! Spa like bathroom in the Owner’s suite that features a lighted showerhead to let you know when the shower has reached your desired temperature and don’t forget the body jets and bidet hookup!! Full bed and bath in basement!
SEE MORE
- 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- #1 Most affordable big city (WalletHub, 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$420 | |
| Property Insurance | -$78 | |
| HOA | -$33 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$66
|
||
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.
$350,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
3.58
YEARS SAVED
$11,086
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,830
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
1070 Prestonwood Drive Lawrenceville, GA 4
- 5 beds 4 baths ∙ 2,633 Sqft ∙ Built 1992 5 beds 4 baths ∙ 2,633 Sqft ∙ Built 1992
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- Rent Per SQFT
- $1,800
- $0.68
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910 Hounds Ridge Court Lawrenceville, GA 1
- 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1991
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,675
- $0.67
-
1551 Swan Valley Court Lawrenceville, GA 2
- 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2002
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,700
- $0.62
-
575 Station View Run Lawrenceville, GA 3
- 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1992
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.72
-
1415 Gabriel Drive Lawrenceville, GA 5
- 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 1991
LEASED 12/05/20- Rent
- Rent Per SQFT
- $2,000
- $0.77
PROPERTY LISTING DETAILS
1.678.960.9055
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6839369
Last Updated: 02/13/2021
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.
