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1237 Bramlett Forest Court Lawrenceville, GA 30045

5 Beds 3 Baths 2,337 sqft Built 2002

$275,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $117.67
  • 5 Days on Market
  • MLS # : 6832500
  • Updated Date : 01/27/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,337 sqft
  • Baths : 3 full
Listing Agent's Description

OWNER OCCUPIED!! Tremendously spacious home! This home features large living spaces, a kitchen that opens up to the family room and very spacious bedrooms. On downstairs you will find a formal living room or use it as an office as currently configured. In addition, a separate dining room, family room with a fireplace and a kitchen with lots of counter space and cabinets. The kitchen also has a large eat in area that could be big enough to serve as your dining room, leaving the dining room available for whatever your needs are.

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: 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
Lovin Elementary School Primary Regular 883 64 6
Mcconnell Middle School Middle Regular 1,666 93 8
Archer High School High Regular 2,432 121 8

Lovin Elementary School

  • Education Level: Primary
  • # of students: 883
  • # of teachers: 64
6
GreatSchools Rating

Mcconnell Middle School

  • Education Level: Middle
  • # of students: 1,666
  • # of teachers: 93
8
GreatSchools Rating

Archer High School

  • Education Level: High
  • # of students: 2,432
  • # of teachers: 121
8
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$955
Property Tax -$330
Property Insurance -$72
HOA -$67
Property Management Fees -$119
CASH FLOW
$257

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.

$275,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.65%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$31,387

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
  • $0.77

    LIST RENT PER SQFT
  • $1,911

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9253$1,9454$2,0005$2,005
$2,005
RENT COMPS ANALYSIS
  • 1237 Bramlett Forest Court Lawrenceville, GA 1
    • 5 beds 3 baths ∙ 2,337 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,337 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 1453 Sand Way Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2016
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.78
    •  
  • 728 Still Hill Lane Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2017
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.82
    •  
  • 797 Sand Lane Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2017
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 1530 Bramlett Forest Trail Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 2000
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,005
    • $0.86
    •  
PROPERTY LISTING DETAILS
Dominic Ray
1.678.683.8433
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832500
Last Updated: 01/27/2021
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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