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1825 Wildcat Trace Circle Lawrenceville, GA 30043

4 Beds 4 Baths 2,075 sqft Built 2003

$300,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $144.58
  • 3 Days on Market
  • MLS # : 6825737
  • Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,075 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Stunning Traditional sited on Wonderful Wildcat Lake. Freshly painted interior with NEW Carpet and gleaming hardwood floors! Large kitchen with adjoining breakfast area overlooking the lake. The two story great room has a dramatic fireplace and abundant windows for natural light. The master retreat on the upper level has a tiled en suite bath, separate shower, soaking tub and walk-in closet. Secondary bedrooms with super closet space and cathedral ceilings. Awesome finished basement has a full bath, bedroom and recreation areas.

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: 30043

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30043

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Taylor Elementary School Primary Regular 927 64 7
Creekland Middle School Middle Regular 2,157 129 6
Collins Hill High School High Regular 3,148 157 8

Taylor Elementary School

  • Education Level: Primary
  • # of students: 927
  • # of teachers: 64
7
GreatSchools Rating

Creekland Middle School

  • Education Level: Middle
  • # of students: 2,157
  • # of teachers: 129
6
GreatSchools Rating

Collins Hill High School

  • Education Level: High
  • # of students: 3,148
  • # of teachers: 157
8
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,042
Property Tax -$360
Property Insurance -$67
HOA -$42
Property Management Fees -$119
CASH FLOW
$90

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.

$300,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$20,446

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,499

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,6504$1,6955$1,720
$1,720
RENT COMPS ANALYSIS
  • 1825 Wildcat Trace Circle Lawrenceville, GA 5
    • 4 beds 4 baths ∙ 2,075 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,075 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.83
    •  
  • 1951 Fernwood Drive Lawrenceville, GA 1
    • 4 beds 2 baths ∙ 2,320 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,320 Sqft ∙ Built 1986
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.70
    •  
  • 510 Montrachet Court Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 1999
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 331 Clarion Road Lawrenceville, GA 3
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1991
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.75
    •  
  • 1980 Amber Dawn Way Lawrenceville, GA 4
    • 4 beds 4 baths ∙ 2,333 Sqft ∙ Built 1986 4 beds 4 baths ∙ 2,333 Sqft ∙ Built 1986
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
PROPERTY LISTING DETAILS
Sue Forsythe
1.770.630.4901
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825737
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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