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1170 Sunrise Field Court Lawrenceville, GA 30043

3 Beds 2 Baths 2,583 sqft Built 1994

$294,900

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $114.17
  • 3 Days on Market
  • MLS # : 6811350
  • Updated Date : 11/21/2020 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,583 sqft
  • Baths : 2 full
Listing Agent's Description

Wow! There's no need to look any further - this is THE ONE! This Newly updated home nestled in a great community is equipped with brand new finishes; Exterior paint, interior paint, flooring, lighting, quartz countertops in the kitchen. Beautiful kitchen with breakfast area, breakfast bar, separate dining room, ample family room with fireplace for entertaining or relaxing. Spacious secondary bedrooms, you have it all! You'll know why the minute you walk in!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Dyer Elementary School Primary Regular 750 51 9
Twin Rivers Middle School Middle Regular 1,570 85 9
Mountain View High School High Regular 2,103 100 7

Dyer Elementary School

  • Education Level: Primary
  • # of students: 750
  • # of teachers: 51
9
GreatSchools Rating

Twin Rivers Middle School

  • Education Level: Middle
  • # of students: 1,570
  • # of teachers: 85
9
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 2,103
  • # of teachers: 100
7
GreatSchools Rating
 

$265,410$324,390$294,900

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,088
Property Tax -$354
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$68

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.

$294,900

PROJECTED PRICE

$1,570

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

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

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$83,899

INVESTMENT

$83,899

Down Payment
$73,725
Rehab Estimate
$5,750
Closing Costs
$4,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,725
Loan Amount $221,175
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,744

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,6653$1,7654$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 1170 Sunrise Field Court Lawrenceville, GA 1
    • 3 beds 2 baths ∙ 2,583 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,583 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.61
    •  
  • 1154 Nathan Mauldin Drive Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.69
    •  
  • 1025 Sunny Field Court Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1994
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.64
    •  
  • 1288 Hada Court Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,590 Sqft ∙ Built 2000
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.69
    •  
  • 1407 Hadaway Trail Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 1996
    property image
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
PROPERTY LISTING DETAILS
Zareh Najarian
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811350
Last Updated: 11/21/2020
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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