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1371 Arlene Valley Lane Lawrenceville, GA 30043

5 Beds 3 Baths 2,686 sqft Built 2013

$355,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $132.17
  • 2 Days on Market
  • MLS # : 6799035
  • Updated Date : 11/21/2020 at 08:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,686 sqft
  • Baths : 3 full
Listing Agent's Description

Incredible 5 bedroom, 3 bath home in the highly sought after Mountain View School district. Main floor boast of gleaming hardwood floor except the bedroom, a bedroom and a full bath on the main floor, beautiful kitchen with granite counter top, soft shut drawers, stainless steel appliances, built in double ovens and microwave. The breakfast room opens to a two storey family room. Home also has a built in Central Vacuum system but the owners have not completed the set up, plus Intercom, security, and irrigation system.

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)
  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30043

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30043

ZipNIR 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
Woodward Mill Elementary School Primary Regular 1,013 63 7
Twin Rivers Middle School Middle Regular 1,570 85 9
Mountain View High School High Regular 2,103 100 7

Woodward Mill Elementary School

  • Education Level: Primary
  • # of students: 1,013
  • # of teachers: 63
7
GreatSchools Rating

Twin Rivers Middle School

  • Education Level: Middle
  • # of students: 1,570
  • # of teachers: 85
9
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 2,103
  • # of teachers: 100
7
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,310
Property Tax -$426
Property Insurance -$79
HOA -$25
Property Management Fees -$119
CASH FLOW
-$59

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.

$355,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.1%
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-$5.0k$0.0$5.0k$10k$15k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$15,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,867

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,665
1$1,6652$1,7503$1,8004$1,8255$1,900
$1,900
RENT COMPS ANALYSIS
  • 1371 Arlene Valley Lane Lawrenceville, GA 5
    • 5 beds 3 baths ∙ 2,686 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,686 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.71
    •  
  • 1154 Nathan Mauldin Drive Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.69
    •  
  • 1465 Highland Oaks Way Lawrenceville, GA 2
    • 5 beds 3 baths ∙ 2,680 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,680 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.65
    •  
  • 912 Park Hollow Way Lawrenceville, GA 3
    • 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2006
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
  • 1718 Hidden Pond Circle Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2002
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.76
    •  
PROPERTY LISTING DETAILS
Sue Joy
1.503.887.3554
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6799035
Last Updated: 11/21/2020
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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