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1650 Eleah Drive 
Lawrenceville, GA
30044
4 Beds 2 Baths 1,550 sqft
Built 1988
INVESTimate
$225,000
List Price
$65,375
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PROPERTY INFO
FACTS
- Built In 1988
- Price/Sqft : $145.16
- 2 Days on Market
- MLS # : 6771702
- Updated Date : 08/25/2020 at 19:27
CONSTRUCTION
- Beds : 4
- Floor Size : 1,550 sqft
- Baths : 2 full
Listing Agent's Description
Great split level home with bonus room / media room on the lower lever, vaulted family room with fireplace, eat in kitchen with separate dining. Owners suite has trey ceiling and walk in closet plus second closet. Double vanities, jetted tub with separate shower. Great corner lot location.
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: 30044
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30044
* 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 | $1,300 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$246 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$48
|
||
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.
$225,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 8.77% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
5.42
YEARS SAVED
$15,106
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,333
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
1650 Eleah Drive Lawrenceville, 2
- 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $1,300
- $0.84
-
50 Trudy Court Lawrenceville, 1
- 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1994
![property image]()
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,250
- $0.86
-
1614 Lamancha Drive Lawrenceville, 3
- 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1973
![property image]()
LEASED 09/18/19- Rent
- Rent Per SQFT
- $1,325
- $0.88
-
1885 Grouse Court Lawrenceville, 4
- 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 1990
![property image]()
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,395
- $0.83
-
2184 Crystal Lake Drive Lawrenceville, 5
- 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1987
![property image]()
LEASED 10/22/19- Rent
- Rent Per SQFT
- $1,449
- $0.87
PROPERTY LISTING DETAILS
1.678.404.5125
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771702
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.
