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2909 Sentinel Circle Lawrenceville, GA 30043

4 Beds 3 Baths 2,000 sqft Built 1996

INVESTimate

$259,900

List Price

$1,590

$1,431 - $1,749

Rent Est.

$281,030  ( +8.13%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $129.95
  • 1 Days on Market
  • MLS # : 6772186
  • Updated Date : 08/25/2020 at 23:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Newly Renovated Immaculate Home in super location with great schools. Brand New Stainless Steel Appliances, Granite Countertops, New Paint, New Carpet and New Flooring. This 4 bedroom, 2.5 bath awesome home also have a Sunroom in the backyard. Less than 3 miles from The Mall of Georgia; enjoy eateries & shopping. Minutes from Ivy Creek Greenway w/ several Trails for the active lifestyle. COME SEE TODAY BEFORE THIS GREAT HOME IS GONE!

SEE MORE

MARKET HIGHLIGHTS

  • #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: 30043

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30043

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
Rock Springs Elementary School Primary Regular 839 62 7
Creekland Middle School Middle Regular 2,157 129 6
Collins Hill High School High Regular 3,148 157 8

Rock Springs Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 62
7
GreatSchools Rating

Creekland Middle School

  • Education Level: Middle
  • # of students: 2,157
  • # of teachers: 129
6
GreatSchools Rating

Collins Hill High School

  • Education Level: High
  • # of students: 3,148
  • # of teachers: 157
8
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$959
Property Tax -$312
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$135

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.

$259,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.13%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$27,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,585

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6503$1,6804$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 2909 Sentinel Circle Lawrenceville, 1
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.80
    •  
  • 1080 Grace Drive Lawrenceville, 2
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2001
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 2635 Fresian Court Buford, 3
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.80
    •  
  • 2842 Wynhaven Oaks Way Lawrenceville, 4
    • 4 beds 4 baths ∙ 2,190 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,190 Sqft ∙ Built 2003
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.78
    •  
  • 2829 Wynhaven Oaks Way Lawrenceville, 5
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2003
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
PROPERTY LISTING DETAILS
Navaid Shah
1.404.406.7098
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6772186
Last Updated: 08/25/2020
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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