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1216 Lavista Circle Ne Atlanta, GA 30324

3 Beds 4 Baths 1,800 sqft Built 2011

$438,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $243.33
  • 1 Days on Market
  • MLS # : 6914284
  • Updated Date : 07/13/2021 at 14:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,800 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Rarely available townhome in sought after area of Lavista Park/Brookhaven/ Buckhead. Minutes from everything. 3 levels of townhome living in a gated community featuring 2 pools , fitness and a private garage! Main level includes full size dining room, open kitchen and family room with fireplace. There is a great deck for entertaining. Upstairs features 2 bedrooms each with an en suite bath. The master bath has been recently updated with new fixtures and a ship lap wall. Basement level is currently used as a workout room and office but could easily be a 3rd

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Martin Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k379k

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

Neighborhood: Martin Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732053

* 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
Garden Hills Elementary School Primary Regular 611 49 5
Willis A. Sutton Middle School Middle Regular 1,448 93 6
North Atlanta High School High Regular 1,657 102 6

Garden Hills Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 49
5
GreatSchools Rating

Willis A. Sutton Middle School

  • Education Level: Middle
  • # of students: 1,448
  • # of teachers: 93
6
GreatSchools Rating

North Atlanta High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 102
6
GreatSchools Rating
 

$394,200$481,800$438,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$1,521
Property Tax -$521
Property Insurance -$62
HOA -$252
Property Management Fees -$119
CASH FLOW
$345

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.

$438,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.8%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,820

INVESTMENT

$121,820

Down Payment
$109,500
Rehab Estimate
$5,750
Closing Costs
$6,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,500
Loan Amount $328,500
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$47,271

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $3,480

    COMP ESTIMATED VALUE
  • $1.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,820
1$2,8202$3,3003$3,9254$4,500
$4,500
RENT COMPS ANALYSIS
  • 1216 Lavista Circle Ne Atlanta, GA 1
    • 3 beds 4 baths ∙ 1,800 Sqft ∙ Built 2011 3 beds 4 baths ∙ 1,800 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.57
    •  
  • 2695 Rivers Edge Drive Ne Atlanta, GA 2
    • 3 beds 4 baths ∙ 2,145 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,145 Sqft ∙ Built 2004
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.54
    •  
  • 1375 Edmund Court Ne Atlanta, GA 3
    • 3 beds 4 baths ∙ 2,144 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,144 Sqft ∙ Built 2002
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,925
    • $1.83
    •  
  • 578 Broadview Place Ne Atlanta, GA 4
    • 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 2018
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $2.43
    •  
PROPERTY LISTING DETAILS
Heyward Young
1.404.784.7063
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6914284
Last Updated: 07/13/2021
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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