Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1246 Sycamore Drive Sw Lilburn, GA 30047

3 Beds 2 Baths 2,409 sqft Built 1968

$285,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $118.31
  • 4 Days on Market
  • MLS # : 6825129
  • Updated Date : 01/08/2021 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,409 sqft
  • Baths : 2 full
Listing Agent's Description

Beautifully remodeled home in quiet, well-maintained neighborhood. Excellent schools, walk to parks, restaurants, etc. New granite, top of the line SS appliances with 10-year warranty, new interior & exterior paint, new light fixtures, new soft close cabinets, new flooring, new sinks, new vanities, and more! No expense was spared. Spacious master with his/her closets, stunning brand new shower, screened-in porch, huge laundry room with updated plumbing, bonus room with its own entry, extra storage room in carport, large private yard perfect for a family to enjoy!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Mountain Park

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Mountain Park

NeighborhoodNIR 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
Mountain Park Elementary School Primary Regular 596 36 7
Trickum Middle School Middle Regular 1,987 108 8
Parkview High School High Regular 2,834 152 8

Mountain Park Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 36
7
GreatSchools Rating

Trickum Middle School

  • Education Level: Middle
  • # of students: 1,987
  • # of teachers: 108
8
GreatSchools Rating

Parkview High School

  • Education Level: High
  • # of students: 2,834
  • # of teachers: 152
8
GreatSchools Rating
 

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

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$990
Property Tax -$305
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$263

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

$1,750

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 9.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$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 35% 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

9.5

YEARS SAVED

$37,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,969

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7504$1,9955$1,995
$1,995
RENT COMPS ANALYSIS
  • 1246 Sycamore Drive Sw Lilburn, GA 3
    • 3 beds 2 baths ∙ 2,409 Sqft ∙ Built 1968 3 beds 2 baths ∙ 2,409 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.73
    •  
  • 1308 Chesapeake Drive Sw Lilburn, GA 1
    • 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 1980
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 1307 Arlene Court Lilburn, GA 2
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 1979
    property image
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 1337 Arlene Court Lilburn, GA 4
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 1979
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 4705 Lincoln Way Lilburn, GA 5
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1972
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
PROPERTY LISTING DETAILS
Joseph Issa
1.404.388.2323
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825129
Last Updated: 01/08/2021
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. © 2017 First Multiple Listing Service, Inc.

BESbswy