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2045 Glynmoore Drive Lawrenceville, GA 30043

4 Beds 3 Baths 2,376 sqft Built 1992

$257,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $108.16
  • 4 Days on Market
  • MLS # : 6839828
  • Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,376 sqft
  • Baths : 3 full
Listing Agent's Description

This 4 bed, 3 bath split-level home is located in an established, quiet neighborhood, with NO HOA AND it's Close to Everything. The main level features a large kitchen, separate dining room, sunroom, den, 3 bedrooms, including the maste, and 2 bath rooms. The master bedroom features a walk-in closet, and the bath has a soaking tuba nd separate shower. The lower level features a spacious living area with fireplace, bedroom, bathroo, and an unfinished area currently being used for a workout room and workshop. Other features includea a 2-car drive under garage, partially

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)

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
Jackson Elementary School Primary Regular 1,673 102 7
Northbrook Middle School Middle Regular 1,001 56 NA
Peachtree Ridge High School High Regular 3,211 163 8

Jackson Elementary School

  • Education Level: Primary
  • # of students: 1,673
  • # of teachers: 102
7
GreatSchools Rating

Northbrook Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 56
NA
GreatSchools Rating

Peachtree Ridge High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 163
8
GreatSchools Rating
 

$231,300$282,700$257,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$893
Property Tax -$308
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$407

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.

$257,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.70%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,855

INVESTMENT

$73,855

Down Payment
$64,250
Rehab Estimate
$5,750
Closing Costs
$3,855

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$893

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,250
Loan Amount $192,750
See What Happens When You Reinvest Cash Flow

12.42

YEARS SAVED

$50,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,788

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,8004$1,8005$1,920
$1,920
RENT COMPS ANALYSIS
  • 2045 Glynmoore Drive Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 2009 Atkinson Park Drive Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 2002
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
  • 2190 Atkinson Park Drive Lawrenceville, GA 2
    • 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 2010
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 1893 Thomas Pointe Trace Lawrenceville, GA 3
    • 4 beds 4 baths ∙ 2,505 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,505 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
  • 2183 Pebble Beach Drive Lawrenceville, GA 5
    • 3 beds 3 baths ∙ 2,462 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,462 Sqft ∙ Built 2006
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.78
    •  
PROPERTY LISTING DETAILS
Roger Kinard
1.678.469.2420
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839828
Last Updated: 02/13/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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