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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $125.33
- 3 Days on Market
- MLS # : 6813296
- Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,907 sqft
- Baths : 3 full
Listing Agent's Description
Beautiful well maintained-Spacious 3 bed,2.5 bath home in a quiet, established neighborhood! This home is offering New Roof, Newer HVAC , Newer Carpet& SS Appliances.Spacious kitchen open to breakfast area with a lot of storage.Charming,Cozy family room w/ separate dining room.The spacious second level Master Bedroom has a full walk-in closet plus great room w/back staircase.Beautiful corner lot,huge Private & Fenced back yard with great deck.Unfinished daylight basement is the perfect apartment setting for your teen or can be a man cave.This home has charm & character
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30044
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30044
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$882 |
| Property Tax | -$287 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$88
|
||
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.
$239,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,085
LOAN DETAILS
$882
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,750 |
| Loan Amount | $179,250 |
6
YEARS SAVED
$18,909
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,554
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
2746 Titon Way Lawrenceville, GA 2
- 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,440
- $0.76
-
199 Kings Court Lawrenceville, GA 1
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1971
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,399
- $0.80
-
865 Regency Court Lawrenceville, GA 3
- 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1972
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,530
- $0.81
-
2550 Binghampton Lane Lawrenceville, GA 4
- 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1991
LEASED 07/02/19- Rent
- Rent Per SQFT
- $1,550
- $0.78
-
611 Paden Mill Trail Lawrenceville, GA 5
- 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 1986
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,675
- $0.87
PROPERTY LISTING DETAILS
1.678.698.8058
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813296
Last Updated: 11/28/2020
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.
