Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
290 Cottonpatch Road 
Lawrenceville, GA
30046
3 Beds 2 Baths 1,772 sqft
Built 1989
INVESTimate
$222,000
List Price
$64,580
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $125.28
- 3 Days on Market
- MLS # : 6771469
- Updated Date : 08/25/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,772 sqft
- Baths : 2 full
Listing Agent's Description
This Lawrenceville one-story home offers a two-car garage. This home is vacant and cleaned regularly.
- #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: 30046
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30046
* 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 | $1,380 |
| EXPENSES | Loan Payment | -$819 |
| Property Tax | -$234 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$147
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$222,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 9.31% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,580
LOAN DETAILS
$819
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,500 |
| Loan Amount | $166,500 |
6.58
YEARS SAVED
$19,901
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,502
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
290 Cottonpatch Road Lawrenceville, 3
- 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,380
- $0.78
-
259 Mediterranean Lane Lawrenceville, 1
- 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1976
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,225
- $0.85
-
1155 Brook Meadow Court Lawrenceville, 2
- 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1993
LEASED 12/14/19- Rent
- Rent Per SQFT
- $1,350
- $0.86
-
650 Carriage Lane Lawrenceville, 4
- 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 1988
LEASED 02/28/19- Rent
- Rent Per SQFT
- $1,450
- $0.83
-
1070 Rafington Drive Lawrenceville, 5
- 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 1997
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,650
- $0.85
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771469
Last Updated: 08/25/2020
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.
