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1372 Culverstone Drive 
Lawrenceville, GA
30043
3 Beds 3 Baths 2,279 sqft
Built 2003
INVESTimate
$274,900
List Price
$78,599
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $120.62
- 35 Days on Market
- MLS # : 6756186
- Updated Date : 08/24/2020 at 15:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,279 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
This lovely move-in ready ranch style home located in sought after Brickshire Park Community has been well maintained, both in and out.The home features vaulted ceilings and spacious rooms throughout to include 3 bedrooms, 2.5 baths, 2nd floor bonus room. The large master suite has vaulted ceiling, a double vanity, garden tub, separate shower and a large walk in closet. The kitchen has lots of storage , new stainless steel appliances, breakfast counter, and an eat-in area.
SEE MORE
- #1 Most affordable big city (WalletHub, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,014 |
| Property Tax | -$330 | |
| Property Insurance | -$71 | |
| HOA | -$35 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$1
|
||
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.
$274,900
PROJECTED PRICE
$1,570
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.13% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,599
LOAN DETAILS
$1,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
4.58
YEARS SAVED
$15,197
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,612
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
1372 Culverstone Drive Lawrenceville, 3
- 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,570
- $0.69
-
1617 Amhearst Walk Road Lawrenceville, 1
- 4 beds 2 baths ∙ 2,081 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,081 Sqft ∙ Built 2000
![property image]()
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,450
- $0.70
-
1599 Amhearst Mill Drive Lawrenceville, 2
- 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,255 Sqft ∙ Built 1999
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,515
- $0.67
-
1154 Nathan Mauldin Drive Lawrenceville, 4
- 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005
![property image]()
LEASED 12/12/19- Rent
- Rent Per SQFT
- $1,665
- $0.69
-
1275 Sunhill Drive Lawrenceville, 5
- 4 beds 2 baths ∙ 2,326 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,326 Sqft ∙ Built 2000
![property image]()
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,800
- $0.77
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6756186
Last Updated: 08/24/2020
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.
