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3153 Edington Circle Lawrenceville, GA 30044

3 Beds 2 Baths 1,444 sqft Built 1990

$227,500

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $157.55
  • 3 Days on Market
  • MLS # : 6820333
  • Updated Date : 12/19/2020 at 16:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,444 sqft
  • Baths : 2 full
Listing Agent's Description

Newly renovated 3 bedroom 2 bath ranch in a cul-de-sac. This home is move-in ready. This spacious ranch includes new paint interior from floor to ceiling, new carpet, new linoleum, all new light fixtures, new light switches and receptacles, new garage doors with openers, and new stainless kitchen appliances. The roof is only 4 years old and brand new garage doors and openers. The owner suite has a big bedroom w/ large walk-in closet and an inviting bathroom with separate shower and garden tub. The secondary bedrooms are spacious with a full bath in between.

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)
  • 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)
  • #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)

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
 

$204,750$250,250$227,500

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$839
Property Tax -$273
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$144

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.

$227,500

PROJECTED PRICE

$1,430

PROJECTED RENT

0.63%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,038

INVESTMENT

$66,038

Down Payment
$56,875
Rehab Estimate
$5,750
Closing Costs
$3,413

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$839

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,875
Loan Amount $170,625
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$23,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,253

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4303$1,4504$1,5255$1,545
$1,545
RENT COMPS ANALYSIS
  • 3153 Edington Circle Lawrenceville, GA 2
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.99
    •  
  • 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
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 214 Wilbur Lane Lawrenceville, GA 3
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1973
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 2803 Loral Pines Drive Lawrenceville, GA 4
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1994
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.90
    •  
  • 3430 Micro Terrace Lawrenceville, GA 5
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1983
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.86
    •  
PROPERTY LISTING DETAILS
Cecil Mabrey
1.678.313.6007
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820333
Last Updated: 12/19/2020
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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