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1358 Millstream Trail Lawrenceville, GA 30044

4 Beds 3 Baths 1,786 sqft Built 1987

$269,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $151.12
  • 21 Days on Market
  • MLS # : 6820736
  • Updated Date : 01/04/2021 at 16:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,786 sqft
  • Baths : 3 full
Listing Agent's Description

Recently Renovated Contemporary 4 bed | 3 bath Split Level home w/ open concept floor-plan, soaring cathedral ceilings, skylights, floor to ceiling windows, sit-in windows! One of a kind floorplan with everything renovated. New Windows, Roof, HVAC, Water Heater, Kitchen, Solid Hardwood Flooring, Carpet, Interior/Exterior Paint, New Electrical & Plumbing fixtures. Elegant glass stall showers w/ polished ceramic tile give the bathrooms a cheek modern finish! Two new decks with no neighbors in the backyard provide ultra-privacy and tranquil setting!

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

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
Corley Elementary School Primary Regular 1,432 98 5
Sweetwater Middle School Middle Regular 1,980 117 5
Berkmar High School High Regular 3,439 198 4

Corley Elementary School

  • Education Level: Primary
  • # of students: 1,432
  • # of teachers: 98
5
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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$937
Property Tax -$336
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$86

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.

$269,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.57%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,496

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,5003$1,5404$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 1358 Millstream Trail Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.86
    •  
  • 980 Heritage Valley Road Norcross, GA 1
    • 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,556 Sqft ∙ Built 1985
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 3460 Haverhill Rowe Lawrenceville, GA 2
    • 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1989
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 1352 Inman Court Norcross, GA 4
    • 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 1985
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 1077 Trailblazer Way Nw Lilburn, GA 5
    • 4 beds 3 baths ∙ 1,896 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,896 Sqft ∙ Built 1983
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
PROPERTY LISTING DETAILS
Zachary Maxey
1.404.563.0732
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820736
Last Updated: 01/04/2021
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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