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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $109.46
- 4 Days on Market
- MLS # : 6825498
- Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,420 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
HONEY WE’RE HOME-This two-story home is turn key, move in ready!Super clean and well maintained. Outdoor features include, back deck, double drive way, boat/RV storage. Two car garage has a separate utility room and lots of storage space. Inside leads to a traditional style home with formal living room formal dining and family room with fire place. Enjoy making great meals and memories in the warm inviting eat in Kitchen.All bedrooms are located upstairs and the sellers have installed new carpet throughout. Hands down, one of the nicest homes in the entire neighborhood!
SEE MORE
- #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: 30047
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30047
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$283 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$314
|
||
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
$1,710
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.0% |
| 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
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
10.67
YEARS SAVED
$42,735
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,700
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
2181 Rodao Drive Sw Lilburn, GA 3
- 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,710
- $0.71
-
4143 Wellington Hills Lane Snellville, GA 1
- 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1972
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LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,550
- $0.71
-
4659 Ferncroft Court Ne Lilburn, GA 2
- 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1997
![property image]()
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,595
- $0.62
-
1307 Arlene Court Lilburn, GA 4
- 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 1979
![property image]()
LEASED 08/21/19- Rent
- Rent Per SQFT
- $1,750
- $0.78
-
2625 Kinnett Drive Sw Lilburn, GA 5
- 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1979
![property image]()
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,845
- $0.70
PROPERTY LISTING DETAILS
1.770.407.9403
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6825498
Last Updated: 01/09/2021
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.
