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2090 Lost Forest Lane Conyers, GA 30094

4 Beds 3 Baths 1,551 sqft Built 1971

$241,300

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $155.58
  • 7 Days on Market
  • MLS # : 6832294
  • Updated Date : 01/26/2021 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,551 sqft
  • Baths : 3 full
Listing Agent's Description

Fabulously restored 4BR/3BA ranch home with 2 master suites with master baths, stainless steel appliances, and water resistant hardwood-laminate flooring in family room, kitchen, and one of the master bedrooms. Screened-in porch overlooking the patio and a large backyard. All 3 baths are nicely tiled. The home is wheelchair accessible. Listing Agent is a member of of the LLC that owns the property.

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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)
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Hidden Acres

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $87k209k

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

Neighborhood: Hidden Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8361509

* 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
Shoal Creek Elementary School Primary Regular 718 47 5
Edwards Middle School Middle Regular 885 59 5
Heritage High School High Regular 1,814 86 5

Shoal Creek Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 47
5
GreatSchools Rating

Edwards Middle School

  • Education Level: Middle
  • # of students: 885
  • # of teachers: 59
5
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 1,814
  • # of teachers: 86
5
GreatSchools Rating
 

$217,170$265,430$241,300

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$838
Property Tax -$275
Property Insurance -$57
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.

$241,300

PROJECTED PRICE

$1,380

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

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

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$69,695

INVESTMENT

$69,695

Down Payment
$60,325
Rehab Estimate
$5,750
Closing Costs
$3,620

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$838

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,325
Loan Amount $180,975
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$16,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,218

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,3803$1,420
$1,420
RENT COMPS ANALYSIS
  • 2090 Lost Forest Lane Conyers, GA 2
    • 4 beds 3 baths ∙ 1,551 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,551 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.89
    •  
  • 1096 West Adrian Cir Sw Conyers, GA 1
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1977
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.80
    •  
  • 1614 Cherry Hill Lane Conyers, GA 3
    • 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,842 Sqft ∙ Built 1985
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.77
    •  
PROPERTY LISTING DETAILS
Marcia Mccoy
1.678.315.9608
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832294
Last Updated: 01/26/2021
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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