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2446 Jade Drive Lawrenceville, GA 30044

5 Beds 2 Baths 1,934 sqft Built 1981

$245,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $126.68
  • 3 Days on Market
  • MLS # : 6842463
  • Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,934 sqft
  • Baths : 2 full
Listing Agent's Description

Unbeatable value in the Brookwood School District. This house has numerous improvements including Hardwood floor on the main level, granite countertops in the kitchen and bathrooms, Stainless steel appliances, newe LVT flooring on upper level, plus newer roof and HVAC system. Windows were replaced and over 13 trees cut around the perimeter of the home. The lower level has been finished with two additional rooms with closets and a large laundry area. Loving maintained and perfect for anyone wanting a move in ready home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k227k

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

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9481552

* 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
Craig Elementary School Primary Regular 1,047 73 8
Alton C. Crews Middle School Middle Regular 1,272 77 8
Brookwood High School High Regular 3,424 172 9

Craig Elementary School

  • Education Level: Primary
  • # of students: 1,047
  • # of teachers: 73
8
GreatSchools Rating

Alton C. Crews Middle School

  • Education Level: Middle
  • # of students: 1,272
  • # of teachers: 77
8
GreatSchools Rating

Brookwood High School

  • Education Level: High
  • # of students: 3,424
  • # of teachers: 172
9
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$851
Property Tax -$294
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$262

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.

$245,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$32,839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,547

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5753$1,5904$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 2446 Jade Drive Lawrenceville, GA 3
    • 5 beds 2 baths ∙ 1,934 Sqft ∙ Built 1981 5 beds 2 baths ∙ 1,934 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.82
    •  
  • 588 Michael Court Lawrenceville, GA 1
    • 4 beds 2 baths ∙ 1,732 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,732 Sqft ∙ Built 1976
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.86
    •  
  • 692 Emerald Forest Circle Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 1978
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.81
    •  
  • 844 Chandler Drive Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,107 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,107 Sqft ∙ Built 1971
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 1135 Laurel Cove Drive Snellville, GA 5
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1993
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
PROPERTY LISTING DETAILS
Danthika Borst
1.678.274.2133
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6842463
Last Updated: 02/20/2021
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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