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1461 Ashwood Way Lawrenceville, GA 30043

4 Beds 3 Baths 2,621 sqft Built 1986

$299,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $114.42
  • 4 Days on Market
  • MLS # : 6824943
  • Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,621 sqft
  • Baths : 3 full
Listing Agent's Description

Beautiful 4 Bed/3 full bath split level home in the popular Timber Ridge community of Lawrenceville. Living room w/fireplace provides plenty of space for family & guests. Separate Dining and breakfast area. Updated kitchen with Granite countertops and SS appliances. Upstairs features huge master bedroom with sitting area/office, walk in closet and a huge master bath. Two additional spacious bedrooms share a full bath. Finished lower level includes huge family/Rec room with book cases, a bedroom and a full bath.

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: 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
Taylor Elementary School Primary Regular 927 64 7
Creekland Middle School Middle Regular 2,157 129 6
Collins Hill High School High Regular 3,148 157 8

Taylor Elementary School

  • Education Level: Primary
  • # of students: 927
  • # of teachers: 64
7
GreatSchools Rating

Creekland Middle School

  • Education Level: Middle
  • # of students: 2,157
  • # of teachers: 129
6
GreatSchools Rating

Collins Hill High School

  • Education Level: High
  • # of students: 3,148
  • # of teachers: 157
8
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,042
Property Tax -$360
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
$102

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.

$299,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$21,886

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,717

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,7003$1,7004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1461 Ashwood Way Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 1895 Waters Ferry Drive Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1998
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.67
    •  
  • 2210 Waters Ferry Drive Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1998
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 1612 Taylor Oaks Ridge Lawrenceville, GA 4
    • 5 beds 3 baths ∙ 2,713 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,713 Sqft ∙ Built 1999
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.65
    •  
  • 1880 Waters Ferry Drive Lawrenceville, GA 5
    • 5 beds 3 baths ∙ 2,764 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,764 Sqft ∙ Built 1997
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
PROPERTY LISTING DETAILS
Linda M Tharakan
1.770.605.2957
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6824943
Last Updated: 01/09/2021
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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