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1535 Twin Valley Trail Lithonia, GA 30058

3 Beds 3 Baths 1,888 sqft Built 1979

$244,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $129.71
  • 5 Days on Market
  • MLS # : 6825288
  • Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,888 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Ranch home on private lot, 3 bedrooms, 2 baths with hardwood flooring, updated Kitchen with stainless steel appliances, granite countertops and tiled backsplash. Large brick fireplace in the family area with plenty of windows to let in the light and a Panoramic view of the flowing stream and pond, Fenced yard with 3 storage sheds.

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: 30058

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30058

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
J.h. House Elementary School Primary Regular 675 50 5
Conyers Middle School Middle Regular 859 58 4
Rockdale County High School High Regular 1,998 111 5

J.h. House Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 50
5
GreatSchools Rating

Conyers Middle School

  • Education Level: Middle
  • # of students: 859
  • # of teachers: 58
4
GreatSchools Rating

Rockdale County High School

  • Education Level: High
  • # of students: 1,998
  • # of teachers: 111
5
GreatSchools Rating
 

$220,410$269,390$244,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$851
Property Tax -$279
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$157

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$244,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,649

INVESTMENT

$70,649

Down Payment
$61,225
Rehab Estimate
$5,750
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$17,738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,364

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,255
1$1,2552$1,3003$1,3504$1,3995$1,470
$1,470
RENT COMPS ANALYSIS
  • 1535 Twin Valley Trail Lithonia, GA 5
    • 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.78
    •  
  • 4480 Joseph Drive Snellville, GA 1
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1990
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,255
    • $0.73
    •  
  • 940 Nw Ray Drive Conyers, GA 2
    • 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1974
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.70
    •  
  • 8483 Hightower Trail Snellville, GA 3
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1990
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.75
    •  
  • 4301 Cary Drive Snellville, GA 4
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1979
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.71
    •  
PROPERTY LISTING DETAILS
Sheri Pettus
1.404.642.1618
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825288
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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