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2854 Five Oaks Circle Sw Lilburn, GA 30047

3 Beds 2 Baths 2,207 sqft Built 1975

$209,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $95.11
  • 5 Days on Market
  • MLS # : 6807600
  • Updated Date : 11/12/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,207 sqft
  • Baths : 2 full
Listing Agent's Description

Yes Brookwood schools! Great opportunity! Open floor Plan that could be open even more! 3 Bedroom 2 full Baths with truly oversize kitchen with elegant expose beams and skylights! On a huge lot with a detached work shop with power, partial yard is fenced in but additional level back yard to the side is not but waiting for you to utilized it any way you want! Hurry don't let it get a way!!Highest and Best due By Sunday 11/15/2020 8:00 Pm

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30047

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30047

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Brookwood Elementary School Primary Regular 1,120 74 9
Alton C. Crews Middle School Middle Regular 1,272 77 8
Brookwood High School High Regular 3,424 172 9

Brookwood Elementary School

  • Education Level: Primary
  • # of students: 1,120
  • # of teachers: 74
9
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
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$774
Property Tax -$239
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$398

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.

$209,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$774

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

13.58

YEARS SAVED

$53,607

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6504$1,7005$1,725
$1,725
RENT COMPS ANALYSIS
  • 2854 Five Oaks Circle Sw Lilburn, GA 2
    • 3 beds 2 baths ∙ 2,207 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,207 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 2776 Jo Beth Drive Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1973
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.70
    •  
  • 1135 Laurel Cove Drive Snellville, GA 3
    • 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
    •  
  • 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 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 1192 Melton Drive Sw Lilburn, GA 5
    • 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 1985
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.73
    •  
PROPERTY LISTING DETAILS
Sammy Torres
1.770.652.1822
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807600
Last Updated: 11/12/2020
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. © 2017 First Multiple Listing Service, Inc.

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