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1560 Arbour Glenn Drive 
Lawrenceville, GA
30043
3 Beds 2 Baths 2,278 sqft
Built 1994
INVESTimate
$265,000
List Price
$75,975
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PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $116.33
- 3 Days on Market
- MLS # : 6769727
- Updated Date : 08/25/2020 at 12:40
CONSTRUCTION
- Beds : 3
- Floor Size : 2,278 sqft
- Baths : 2 full
Listing Agent's Description
Charming split bedroom ranch w/ fenced backyard. This 3 bedroom / 2 bath home features a vaulted and an open fireside Great Room. The kitchen has white cabinets, granite counter tops , tons of storage and a stainless refrigerator. Walk right through the kitchen to the wonderful breakfast room which could be a keeping room. You will love serving your guests in the separate & large Dining Room.
SEE MORE
- #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)
- 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)
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$318 | |
| Property Insurance | -$71 | |
| HOA | -$8 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$116
|
||
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.
$265,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.13% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
7
YEARS SAVED
$25,919
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,669
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
1560 Arbour Glenn Drive Lawrenceville, 4
- 3 beds 2 baths ∙ 2,278 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,278 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $1,610
- $0.71
-
1672 Tunbridge Lane Lawrenceville, 1
- 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 1995
![property image]()
LEASED 07/22/19- Rent
- Rent Per SQFT
- $1,600
- $0.77
-
1580 Ox Bridge Court Lawrenceville, 2
- 4 beds 2 baths ∙ 2,185 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,185 Sqft ∙ Built 1996
![property image]()
LEASED 10/22/19- Rent
- Rent Per SQFT
- $1,600
- $0.73
-
1564 Heartwood Drive Lawrenceville, 3
- 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1992
![property image]()
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,600
- $0.72
-
1839 Jenna Lyn Court Lawrenceville, 5
- 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1994
![property image]()
LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,695
- $0.71
PROPERTY LISTING DETAILS
1.404.432.3973
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6769727
Last Updated: 08/25/2020
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.
