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1302 Realm Lane Lawrenceville, GA 30044

4 Beds 3 Baths 2,611 sqft Built 1984

$330,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $126.39
  • 2 Days on Market
  • MLS # : 6828856
  • Updated Date : 01/16/2021 at 12:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,611 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

NEW LISTING! locate in a non HOA subdivision! BEAUTIFUL HOUSE very spacious with high ceiling 3 bedrooms and 2 and half bathroom, AND APPARTMENT/GUEST HOUSE FULLY EQUIPPED one bedroom, kitchen, living and dining room you have to see it!. SPACIOUS FAMILY ROOM WITH HIGH CEILINGS! IT HAS AN AMAZINGKITCHEN WITH BEAUTIFUL CABINETS. THIS HOUSE HAS the biggest floor pland and ONE OF THE BEST Lots in THE SUBDIVISION. THE BACKYARD IS DIVEDED WITH A FENCE AND DOOR to a small private back yard in the left side,located NEXT TO THE STORAGE. This property is "AS IS".

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k227k

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

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9481552

* 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
Kanoheda Elementary School Primary Regular 1,072 82 7
Sweetwater Middle School Middle Regular 1,980 117 5
Berkmar High School High Regular 3,439 198 4

Kanoheda Elementary School

  • Education Level: Primary
  • # of students: 1,072
  • # of teachers: 82
7
GreatSchools Rating

Sweetwater Middle School

  • Education Level: Middle
  • # of students: 1,980
  • # of teachers: 117
5
GreatSchools Rating

Berkmar High School

  • Education Level: High
  • # of students: 3,439
  • # of teachers: 198
4
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,146
Property Tax -$396
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
$21

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.

$330,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,896

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6954$1,7005$1,760
$1,760
RENT COMPS ANALYSIS
  • 1302 Realm Lane Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.67
    •  
  • 3165 Haverhill Rowe Lawrenceville, GA 1
    • 3 beds 3 baths ∙ 2,408 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,408 Sqft ∙ Built 1993
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.66
    •  
  • 2780 School Side Way Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2000
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
  • 775 Wyndham Place Circle Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1992
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.65
    •  
  • 3165 Paces Landing Drive Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1998
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
PROPERTY LISTING DETAILS
Laura Notario
1.678.878.8228
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828856
Last Updated: 01/16/2021
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.

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