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3285 Chandon Lane Lawrenceville, GA 30044

4 Beds 2 Baths 1,900 sqft Built 1999

$259,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $136.79
  • 4 Days on Market
  • MLS # : 6848247
  • Updated Date : 03/05/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,900 sqft
  • Baths : 2 full
Listing Agent's Description

Perfect charmer in Lawrenceville! This immaculately maintained home features 4 bedrooms and 2 baths, with one of the bedrooms on the second floor. Open floorplan has large kitchen and vaulted great room with fireplace and ceiling fan. Peaceful cul-de-sac lot with easy access to 29 or 85, groceries, shops, restaurants and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

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

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$903
Property Tax -$312
Property Insurance -$64
HOA -$21
Property Management Fees -$119
CASH FLOW
$22

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

$1,440

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,458

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4403$1,5954$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 3285 Chandon Lane Lawrenceville, GA 2
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.76
    •  
  • 3062 Dunlin Way Lawrenceville, GA 1
    • 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1994
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.73
    •  
  • 2870 Creekwood Lane Lawrenceville, GA 3
    • 5 beds 3 baths ∙ 2,000 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,000 Sqft ∙ Built 1986
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
  • 3047 Dunlin Way Lawrenceville, GA 4
    • 3 beds 3 baths ∙ 2,202 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,202 Sqft ∙ Built 1993
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 200 Park Meadows Drive Lawrenceville, GA 5
    • 5 beds 3 baths ∙ 2,044 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,044 Sqft ∙ Built 1994
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
PROPERTY LISTING DETAILS
Armando Morales
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6848247
Last Updated: 03/05/2021
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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