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1079 Lakeview Road Grayson, GA 30017

4 Beds 3 Baths 2,546 sqft Built 1983

$285,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $111.94
  • 8 Days on Market
  • MLS # : 6834443
  • Updated Date : 01/30/2021 at 21:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,546 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Renovated/Updated-Laminate floors main level, New light fixtures, plumbing fixtures, paint, carpet, water heater, plantation shutters, and more. large family room/Living room, combo, formal dining, family-sized kitchen with breakfast area, stainless appliances, walk-in pantry, and additional shelving in the laundry room, rear stairs to very unique large wood-paneled bedroom and huge room-sized closet.Cozy master with walk-in closet. Large screened porch and grilling deck.

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Zip Code: 30017

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30017

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
Grayson Elementary School Primary Regular 831 59 9
Bay Creek Middle School Middle Regular 1,079 56 7
Grayson High School High Regular 2,767 155 7

Grayson Elementary School

  • Education Level: Primary
  • # of students: 831
  • # of teachers: 59
9
GreatSchools Rating

Bay Creek Middle School

  • Education Level: Middle
  • # of students: 1,079
  • # of teachers: 56
7
GreatSchools Rating

Grayson High School

  • Education Level: High
  • # of students: 2,767
  • # of teachers: 155
7
GreatSchools Rating
 

$256,500$313,500$285,000

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 -$990
Property Tax -$298
Property Insurance -$76
HOA -$35
Property Management Fees -$119
CASH FLOW
$132

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.

$285,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.2%
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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$24,140

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
  • $0.65

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6293$1,6504$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 1079 Lakeview Road Grayson, GA 3
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.65
    •  
  • 1981 Shoreline Trace Grayson, GA 1
    • 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,378 Sqft ∙ Built 1982
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.63
    •  
  • 1144 Lakeview Road Grayson, GA 2
    • 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 1986
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,629
    • $0.64
    •  
  • 1655 Terry Mill Lane Grayson, GA 4
    • 4 beds 4 baths ∙ 2,596 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,596 Sqft ∙ Built 1999
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 2209 Swan Lake Court Grayson, GA 5
    • 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 2003
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.67
    •  
PROPERTY LISTING DETAILS
Michael Shirley
1.404.456.1993
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6834443
Last Updated: 01/30/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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