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2475 Waterford Park Drive Lawrenceville, GA 30044

5 Beds 5 Baths 2,812 sqft Built 1989

$294,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $104.87
  • 3 Days on Market
  • MLS # : 6832609
  • Updated Date : 02/06/2021 at 08:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,812 sqft
  • Baths : 4 full , 1 half
Listing Agent's Description

This NEWLY remodeled home welcomes you with natural light that showcases beautiful wood floors with LOTS of space. Many great features of this spectacular home include plantation shutters a STUNNING gourmet kitchen with new granite counter tops which compliment the white cabinets, upscale backsplash & stainless steel appliances complete this DREAM kitchen. The gigantic backyard and inground pool offer plenty of room for play. The second level boasts of bedrooms with wood flooring throughout. Master bedroom with UPDATED master bath including a huge tiled shower.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 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
Baggett Elementary School Primary Regular NA
Richards Middle School Middle Regular 1,571 95 5
Discovery High School High Regular NA

Baggett Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Richards Middle School

  • Education Level: Middle
  • # of students: 1,571
  • # of teachers: 95
5
GreatSchools Rating

Discovery High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$265,410$324,390$294,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,024
Property Tax -$354
Property Insurance -$81
HOA -$8
Property Management Fees -$119
CASH FLOW
$263

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.

$294,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.63%

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$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,899

INVESTMENT

$83,899

Down Payment
$73,725
Rehab Estimate
$5,750
Closing Costs
$4,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,024

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,725
Loan Amount $221,175
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$33,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,912

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7154$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 2475 Waterford Park Drive Lawrenceville, GA 5
    • 5 beds 5 baths ∙ 2,812 Sqft ∙ Built 1989 5 beds 5 baths ∙ 2,812 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 775 Wyndham Place Circle Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1992
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.65
    •  
  • 3165 Paces Landing Drive Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1998
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 2132 Cheyenne Lane Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1988
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $0.69
    •  
  • 2084 Nelms Pointe Landing Lawrenceville, GA 4
    • 4 beds 4 baths ∙ 2,585 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,585 Sqft ∙ Built 2005
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
PROPERTY LISTING DETAILS
Judith Sosa
1.678.360.2717
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832609
Last Updated: 02/06/2021
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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