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2970 Dunlin Lake Way Lawrenceville, GA 30044

3 Beds 3 Baths 1,820 sqft Built 1996

$274,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $151.04
  • 4 Days on Market
  • MLS # : 6846721
  • Updated Date : 02/26/2021 at 19:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Great 2 story with covered front porch. From entry there is a large living room that connects to the separate dining room with trey ceiling and heavy molding. Bright kitchen has gas stove and tons of cabinets and counterspace. Dramatic vaulted family room has gas starter fireplace. Half bath finishes the mail level. Upstairs owners suite has a vaulted ceiling, walk-in closet, double sink vanity, garden tub and separate tiled shower. Bedroom 2 & 3 are spacious with ample closets and share a full tiled bath. Great outdoor space includes nice flat, fenced back yard.

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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k227k

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

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9481552

* 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
Bethesda Elementary School Primary Regular 1,366 90 7
Sweetwater Middle School Middle Regular 1,980 117 5
Berkmar High School High Regular 3,439 198 4

Bethesda Elementary School

  • Education Level: Primary
  • # of students: 1,366
  • # of teachers: 90
7
GreatSchools Rating

Sweetwater Middle School

  • Education Level: Middle
  • # of students: 1,980
  • # of teachers: 117
5
GreatSchools Rating

Berkmar High School

  • Education Level: High
  • # of students: 3,439
  • # of teachers: 198
4
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$955
Property Tax -$330
Property Insurance -$62
HOA -$15
Property Management Fees -$119
CASH FLOW
$69

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.

$274,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,561

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,5504$1,6005$1,675
$1,675
RENT COMPS ANALYSIS
  • 2970 Dunlin Lake Way Lawrenceville, GA 3
    • 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 3190 James Path Drive Lawrenceville, GA 1
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1990
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 1341 Sweet Woods Drive Lawrenceville, GA 2
    • 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
    •  
  • 1174 Empire Circle Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 1,866 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,866 Sqft ∙ Built 1984
    property image
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 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
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.87
    •  
PROPERTY LISTING DETAILS
The Vallee Team
1.678.804.2689
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6846721
Last Updated: 02/26/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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