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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $128.47
- 4 Days on Market
- MLS # : 6820057
- Updated Date : 12/18/2020 at 12:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,440 sqft
- Baths : 2 full
Listing Agent's Description
MOVE-IN READY, 4 SIDES BRICK RANCH *NEW ROOF (JULY 2019) *NEW WATER HEATER (NOV. 2020) *PRIVATE CUL-DE-SAC LOT *COVERED FRONT PORCH *OPEN CONCEPT FLOOR PLAN *OVERSIZED GREAT ROOM *FORMAL DINING AREA *EAT-IN KITCHEN WITH BREAKFAST BAR, WHITE CABINETRY, AND BREAKFAST AREA WITH VAULTED CEILING *LARGE MASTER BEDROOM WITH PRIVATE BATHROOM *2 GENEROUSLY SIZED SECONDARY BEDROOMS *PATIO OVERLOOKS HUGE PRIVATE, TREE-LINED BACKYARD WITH TONS OF ROOM TO PLAY *GREAT LOCATION - CONVENIENT TO SHOPPING AND MAJOR ROADWAYS *NO HOA
SEE MORE
- 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)
- #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)
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$222 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$452
|
||
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.
$185,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.83%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
15.33
YEARS SAVED
$54,292
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,307
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
1437 Sartor Circle Nw Lawrenceville, GA 4
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1973
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $1.06
-
622 Brighton Drive Lawrenceville, GA 1
- 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1978
![property image]()
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,450
- $0.90
-
1441 Howard Way Lawrenceville, GA 2
- 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1987
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
1330 Winding Wood Way Lawrenceville, GA 3
- 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1992
![property image]()
LEASED 09/16/20- Rent
- Rent Per SQFT
- $1,500
- $0.90
-
680 Trellis Pond Court Lawrenceville, GA 5
- 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1992
![property image]()
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,595
- $0.91
PROPERTY LISTING DETAILS
1.770.905.6781
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820057
Last Updated: 12/18/2020
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.
