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1484 Yorktown Drive Lawrenceville, GA 30043

4 Beds 3 Baths 2,615 sqft Built 1988

$285,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $109.33
  • 3 Days on Market
  • MLS # : 6856379
  • Updated Date : 03/20/2021 at 15:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,615 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This GORGEOUS maintained home is a must see! NO SHOWINGS BEFORE 3/21. Come see this 4 bedroom /2.5 bath with a finished basement. Quiet and friendly neighborhood with a pool and tennis court located in the subdivision . This home is located within walking distance from Sugarloaf Mills Outlet Mall and great Restaurants! SHOWINGS: SUNDAY 03/21/2021 from 12:00 - 4:30 For questions please contact Monique Knight @ 770-294-2298. All offers are due Tuesday 3/23 by 1:00PM. Please send all offers to Monique.S.Knight@gmail.com Pictures are on the way!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • #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
Mckendree Elementary School Primary Regular 1,098 72 7
Creekland Middle School Middle Regular 2,157 129 6
Collins Hill High School High Regular 3,148 157 8

Mckendree Elementary School

  • Education Level: Primary
  • # of students: 1,098
  • # of teachers: 72
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
 

$257,310$314,490$285,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$993
Property Tax -$343
Property Insurance -$78
HOA -$46
Property Management Fees -$119
CASH FLOW
$272

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.

$285,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.65%

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$0.0$5.0k$10k$15k$20k

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$81,514

INVESTMENT

$81,514

Down Payment
$71,475
Rehab Estimate
$5,750
Closing Costs
$4,289

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$993

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,475
Loan Amount $214,425
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$37,307

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,948

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,7003$1,8504$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1484 Yorktown Drive Lawrenceville, GA 3
    • 5 beds 3 baths ∙ 2,615 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,615 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.71
    •  
  • 1450 Yates Cove Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 1986
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.74
    •  
  • 1063 Bailing Road Lawrenceville, GA 2
    • 4 beds 4 baths ∙ 2,538 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,538 Sqft ∙ Built 1985
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 1511 Hampton Woods Drive Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2000
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 1415 Gabriel Drive Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 1991
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Monique Knight
1.770.864.8959
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6856379
Last Updated: 03/20/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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