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3581 Graham Way Sw Lilburn, GA 30047

4 Beds 3 Baths 2,984 sqft Built 2015

$439,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $147.12
  • 4 Days on Market
  • MLS # : 6841200
  • Updated Date : 02/19/2021 at 09:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,984 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Lovely home in the highly sought after award winning Brookwood School district! This home sits on a private, desirable, flat, one of the best lot in the community. The excellent and popular Pulte Woodward floor plan offers versatile family home features. Hardwood floors, beautiful foyer flanked by formal dining and private office. Huge island with granite countertop and well-maintained cabinet in the kitchen, which opens to the great room. Upgraded range hood vented to the outside. The large great room gives you enough space to enjoy the time with your family.

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: 30047

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30047

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
Head Elementary School Primary Regular 545 37 8
Five Forks Middle School Middle Regular 1,065 61 9
Brookwood High School High Regular 3,424 172 9

Head Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 37
8
GreatSchools Rating

Five Forks Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 61
9
GreatSchools Rating

Brookwood High School

  • Education Level: High
  • # of students: 3,424
  • # of teachers: 172
9
GreatSchools Rating
 

$395,100$482,900$439,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,525
Property Tax -$470
Property Insurance -$85
HOA -$61
Property Management Fees -$119
CASH FLOW
$71

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.

$439,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$25,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,129

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,2003$2,3304$2,350
$2,350
RENT COMPS ANALYSIS
  • 3581 Graham Way Sw Lilburn, GA 3
    • 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.78
    •  
  • 689 Pine Cove Drive Lilburn, GA 1
    • 5 beds 4 baths ∙ 2,868 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,868 Sqft ∙ Built 2005
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.66
    •  
  • 1325 Killian Shoals Way Sw Lilburn, GA 2
    • 5 beds 3 baths ∙ 3,036 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,036 Sqft ∙ Built 2000
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 4329 Catamount Drive Lilburn, GA 4
    • 5 beds 3 baths ∙ 3,112 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,112 Sqft ∙ Built 2001
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
PROPERTY LISTING DETAILS
Katy Kassam
1.404.290.6583
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6841200
Last Updated: 02/19/2021
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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