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177 Kettlewood Drive Sw Lilburn, GA 30047

4 Beds 3 Baths 1,604 sqft Built 1976

$224,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $140.21
  • 2 Days on Market
  • MLS # : 6826068
  • Updated Date : 01/09/2021 at 15:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,604 sqft
  • Baths : 3 full
Listing Agent's Description

Location... in the sought after Parkview School Cluster.. New interior paint, new luxury wood laminate floors in the basement, wood floors most of the main floor, newer roof 2.5 yrs, brand new driveway.. newer exterior paint. Near Food Shops, entertainment, Walking trails, and much more... A must see!

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

Neighborhood: Lilburn

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k225k

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

Neighborhood: Lilburn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9511734

* 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
Arcado Elementary School Primary Regular 1,190 76 7
Trickum Middle School Middle Regular 1,987 108 8
Parkview High School High Regular 2,834 152 8

Arcado Elementary School

  • Education Level: Primary
  • # of students: 1,190
  • # of teachers: 76
7
GreatSchools Rating

Trickum Middle School

  • Education Level: Middle
  • # of students: 1,987
  • # of teachers: 108
8
GreatSchools Rating

Parkview High School

  • Education Level: High
  • # of students: 2,834
  • # of teachers: 152
8
GreatSchools Rating
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$781
Property Tax -$261
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$221

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.

$224,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$781

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$28,136

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,395

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3253$1,4404$1,5755$1,650
$1,650
RENT COMPS ANALYSIS
  • 177 Kettlewood Drive Sw Lilburn, GA 3
    • 4 beds 3 baths ∙ 1,604 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,604 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.90
    •  
  • 245 King David Sw Lilburn, GA 1
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1973
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.82
    •  
  • 195 King David Drive Sw Lilburn, GA 2
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1969
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.89
    •  
  • 355 Shunn Way S Lilburn, GA 4
    • 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1978
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.90
    •  
  • 196 Northwind Court Sw Lilburn, GA 5
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 1974
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
PROPERTY LISTING DETAILS
Melvin Besares
1.678.994.1700
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6826068
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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