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2822 Weston Brook Lane 
Duluth, GA
30096
3 Beds 3 Baths 1,682 sqft
Built 1992
INVESTimate
$228,000
List Price
$66,170
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PROPERTY INFO
FACTS
- Built In 1992
- Price/Sqft : $135.55
- 15 Days on Market
- MLS # : 6755522
- Updated Date : 08/24/2020 at 19:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,682 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Back on Market Buyer Financing Fell Thru! Reduce price to appraised value. Well maintained home in convenient location features 3 bedrooms 2 1/2 bath. Easy access to shopping, entertainments, schools and major highways.
- #1 Most affordable big city (WalletHub, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 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)
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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).
- #1 World’s Busiest Airport(Airports Council International, 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: 30096
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30096
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$841 |
| Property Tax | -$278 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$162
|
||
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.
$228,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 8.15% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,170
LOAN DETAILS
$841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,000 |
| Loan Amount | $171,000 |
7.58
YEARS SAVED
$25,659
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,455
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
2822 Weston Brook Lane Duluth, 3
- 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 1992
![property image]()
- Rent
- Rent Per SQFT
- $1,460
- $0.87
-
1220 Holly Circle Lawrenceville, 1
- 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 1985
![property image]()
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,400
- $0.91
-
1231 Oak Arbour Avenue Lawrenceville, 2
- 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1989
![property image]()
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,450
- $0.88
-
2972 Weston Brook Lane Duluth, 4
- 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1992
![property image]()
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,500
- $0.84
-
1341 Sweet Woods Drive Lawrenceville, 5
- 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 1988
![property image]()
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,500
- $0.83
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6755522
Last Updated: 08/24/2020
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.
