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2985 Hidden Drive 
Lawrenceville, GA
30044
3 Beds 2 Baths 2,200 sqft
Built 1972
INVESTimate
$249,900
List Price
$71,974
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PROPERTY INFO
FACTS
- Built In 1972
- Price/Sqft : $113.59
- 19 Days on Market
- MLS # : 6763856
- Updated Date : 08/24/2020 at 22:55
CONSTRUCTION
- Beds : 3
- Floor Size : 2,200 sqft
- Baths : 2 full
Listing Agent's Description
Must See Inside! Entry through beautiful sun/shade porch for relaxing/meditation room or reading nook. Open living room - completely remodeled and updated with stainless appliances, granite in kitchen and bathrooms. Custom tile work and custom hardwood floors throughout, 3 bedrooms, 2 full baths. Huge storage pantry in kitchen, separate laundry room with storage shelves. The bonus room overlooks deck, could be man cave, or playroom, or home office. Large private deck, built for your hot tub!
SEE MORE
- #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: 30044
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30044
* 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 | $1,450 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$300 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$42
|
||
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.
$249,900
PROJECTED PRICE
$1,450
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 8.77% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
5.08
YEARS SAVED
$15,283
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,541
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
2985 Hidden Drive Lawrenceville, 3
- 3 beds 2 baths ∙ 2,076 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,076 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,450
- $0.70
-
199 Kings Court Lawrenceville, 1
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1971
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,399
- $0.80
-
3140 Oak Drive Lawrenceville, 2
- 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 1974
LEASED 07/12/20- Rent
- Rent Per SQFT
- $1,450
- $0.75
-
3330 Saint James Place Lawrenceville, 4
- 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 1992
LEASED 07/09/19- Rent
- Rent Per SQFT
- $1,550
- $0.69
-
2811 Tony Drive Lawrenceville, 5
- 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1974
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,750
- $0.73
PROPERTY LISTING DETAILS
1.678.414.5886
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6763856
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.
