Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $131.66
- 2 Days on Market
- MLS # : 6812264
- Updated Date : 11/29/2020 at 00:04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,012 sqft
- Baths : 2 full
Listing Agent's Description
WoW!! New Listing in Collins Hill *Amazing Corner Dbl Lot w/3BR/2BA Ranch on 1 acre private w/Storage Building *Beautiful Hardwood Floors throughout *All New Kitchen w/White Shaker Soft Close Cabinets, Gorgeous Granite Countertops, Glass Backsplash, New SS Sink, Faucet, Lighting & Stainless Steel Appliances *Refrigerator, Washer & Dryer Included *Large Master Bedroom opens to Great Screened in Porch ready for you to enjoy your morning Coffee *All New Designer Interior Paint *All Replaced 7yrs ago, Roof, HVAC, Hardy Plank Siding, Insulated Windows, Attic Insulation
SEE MORE
- 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: 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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$977 |
| Property Tax | -$318 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$40
|
||
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.
$264,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,949
LOAN DETAILS
$977
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
5.5
YEARS SAVED
$18,631
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,610
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
1956 Lake Ridge Terrace Lawrenceville, GA 1
- 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,520
- $0.76
-
871 Thousand Oaks Drive Lawrenceville, GA 2
- 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1987
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.82
-
1918 Kelvin Drive Lawrenceville, GA 3
- 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 1986
LEASED 08/30/19- Rent
- Rent Per SQFT
- $1,625
- $0.80
-
331 Clarion Road Lawrenceville, GA 4
- 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
-
2909 Sterling Drive Lawrenceville, GA 5
- 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1988
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,775
- $0.83
PROPERTY LISTING DETAILS
1.404.226.8660
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6812264
Last Updated: 11/29/2020
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.
