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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $108.67
- 2 Days on Market
- MLS # : 6813390
- Updated Date : 11/28/2020 at 19:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,733 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
BROOKWOOD SCHOOL DISTRICT!!! Beautifully updated home in the well-known Killian Woods subdivision in the Mountain Park area of Lilburn. This home, situated on a cul-de-sac, offers a spacious floorplan with upgraded features including granite countertops, hardwood, 2-story foyer, 4 bedrooms and 2.5 updated bathrooms, new lighting fixtures,second level washer/ dryer room, a private wooded backyard with an patio area, an amazing elevated lot, new HVAC system (2020) and so much more! This home is priced to sell! Schedule your showing today!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30047
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30047
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,096 |
| Property Tax | -$346 | |
| Property Insurance | -$80 | |
| HOA | -$21 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$179
|
||
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.
$297,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,455
LOAN DETAILS
$1,096
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,250 |
| Loan Amount | $222,750 |
7.67
YEARS SAVED
$34,099
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,947
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
3725 Colonial Trail Sw Lilburn, GA 1
- 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,840
- $0.67
-
3832 Betty Jean Court Sw Lilburn, GA 2
- 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 1983
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,900
- $0.70
-
689 Pine Cove Drive Lilburn, GA 3
- 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
-
1578 Rivermist Drive Sw Lilburn, GA 4
- 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1979
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.77
-
1325 Killian Shoals Way Sw Lilburn, GA 5
- 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
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813390
Last Updated: 11/28/2020
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.
