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1286 Live Oak Terrace Lithonia, GA 30058

4 Beds 3 Baths 2,267 sqft Built 2002

$222,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $98.32
  • 6 Days on Market
  • MLS # : 6822500
  • Updated Date : 12/31/2020 at 08:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,267 sqft
  • Baths : 3 full
Listing Agent's Description

Spacious split-level home in Lithonia's Cutters Mill! Home features family room with fireplace, with view to eat-in kitchen. Kitchen with stainless steel appliances and tile back-splash. Separate dining room. Owner's suite with trey ceiling and bathroom with double vanity, separate shower and soaking tub. Great school district! Finished downstairs area features bedroom, bath and media room. Don't miss this opportunity!

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30058

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30058

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Princeton Elementary School Primary Regular 924 53 2
Lithonia Middle School Middle Regular 1,158 71 2
Lithonia High School High Regular 1,315 77 3

Princeton Elementary School

  • Education Level: Primary
  • # of students: 924
  • # of teachers: 53
2
GreatSchools Rating

Lithonia Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 71
2
GreatSchools Rating

Lithonia High School

  • Education Level: High
  • # of students: 1,315
  • # of teachers: 77
3
GreatSchools Rating
 

$200,610$245,190$222,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$822
Property Tax -$323
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$255

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$222,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,819

INVESTMENT

$64,819

Down Payment
$55,725
Rehab Estimate
$5,750
Closing Costs
$3,344

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$822

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,725
Loan Amount $167,175
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$29,471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3753$1,4954$1,590
$1,590
RENT COMPS ANALYSIS
  • 1286 Live Oak Terrace Lithonia, GA 4
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.70
    •  
  • 1204 Regal Heights Drive Lithonia, GA 1
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1988
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.60
    •  
  • 1265 Baywood Glen Lithonia, GA 2
    • 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 1991
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.67
    •  
  • 7162 Mill Arbor Court Lithonia, GA 3
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2004
    property image
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.67
    •  
PROPERTY LISTING DETAILS
April Scott
1.678.733.4381
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822500
Last Updated: 12/31/2020
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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