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1539 Lavista Drive Decatur, GA 30033

3 Beds 2 Baths 1,385 sqft Built 1970

$274,995

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $198.55
  • 11 Days on Market
  • MLS # : 6811478
  • Updated Date : 11/28/2020 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,385 sqft
  • Baths : 2 full
Listing Agent's Description

1539 Lavista is the perfect opportunity to transform a one level, 4-sided brick beauty into your dream home. Or, purchase it along with 2966 Lavista Road for an unbelievable investment opportunity to build a luxury home subdivision. This fixer upper features 3 bedrooms and 2 bathrooms and is a 1970s relic that could be updated to a cool mid-century vibe. Lot is located at the end of a private drivaway off Lavista road in the Oak Grove Elementary School District - less than 1 Mile away! It is easily walkable to Frazier-Rowe Park, Vista Grove Plaza Shopping Center and

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30033

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $90k335k

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

Zip Code: 30033

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8802063

* 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
Oak Grove Elementary School Primary Regular 628 39 7
Henderson Middle School Middle Regular 1,578 95 6
Lakeside High School High Regular 2,048 111 7

Oak Grove Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 39
7
GreatSchools Rating

Henderson Middle School

  • Education Level: Middle
  • # of students: 1,578
  • # of teachers: 95
6
GreatSchools Rating

Lakeside High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 111
7
GreatSchools Rating
 

$247,496$302,495$274,995

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,015
Property Tax -$638
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$34

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.

$274,995

PROJECTED PRICE

$1,860

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$78,624

INVESTMENT

$78,624

Down Payment
$68,749
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,749
Loan Amount $206,246
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,8303$1,8604$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1539 Lavista Drive Decatur, GA 3
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.34
    •  
  • 2711 Laurel Ridge Drive Decatur, GA 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1957
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.29
    •  
  • 2997 Mt Olive Drive N Decatur, GA 2
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1961
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.35
    •  
  • 2944 Sandra Lane Decatur, GA 4
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1952
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.32
    •  
  • 1194 Laurel Hill Drive Decatur, GA 5
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1963
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.38
    •  
PROPERTY LISTING DETAILS
Kathryn Rusche
1.404.550.7971
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811478
Last Updated: 11/28/2020
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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