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1166 Simonton Peak Way Lawrenceville, GA 30045

4 Beds 3 Baths 2,627 sqft Built 2005

$300,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $114.20
  • 4 Days on Market
  • MLS # : 6851309
  • Updated Date : 03/13/2021 at 10:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,627 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Honey Stop The Car! This breathtaking open floor plan home is in the well sought after Ridgeview subdivision nestled in a private cul-de-sac. Your new home features: 2 story great room, updated kitchen floors, separate formal living, separate dining, eat in kitchen w/island that opens to the family room area, beautiful tray ceilings and a oversized spacious master bedroom! This home is move in ready! You'll love this neighborhood and enjoy the swim/tennis and playground. Hurry! It won't last...

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30045

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k227k

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

Zip Code: 30045

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9731610

* 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
Simonton Elementary School Primary Regular 873 62 6
Jordan Middle School Middle Unknown NA
Central Gwinnett High School High Regular 2,748 152 5

Simonton Elementary School

  • Education Level: Primary
  • # of students: 873
  • # of teachers: 62
6
GreatSchools Rating

Jordan Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Central Gwinnett High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,042
Property Tax -$360
Property Insurance -$78
HOA -$48
Property Management Fees -$119
CASH FLOW
$83

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.

$300,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$16,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,859

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7303$1,8004$1,8505$2,165
$2,165
RENT COMPS ANALYSIS
  • 1166 Simonton Peak Way Lawrenceville, GA 2
    • 5 beds 4 baths ∙ 2,627 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,627 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.66
    •  
  • 1174 Simonton Hill Court Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 2005
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.69
    •  
  • 170 Adams Lake Court Lawrenceville, GA 3
    • 4 beds 4 baths ∙ 2,741 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,741 Sqft ∙ Built 2001
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.66
    •  
  • 1112 Simonton Glen Way Lawrenceville, GA 4
    • 5 beds 3 baths ∙ 2,622 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,622 Sqft ∙ Built 2006
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.71
    •  
  • 1365 Little Hampton Drive Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2008
    property image
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,165
    • $0.77
    •  
PROPERTY LISTING DETAILS
Starr Eberhart
1.404.954.2299
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6851309
Last Updated: 03/13/2021
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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