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3778 Willow Wood Way Lawrenceville, GA 30044

4 Beds 4 Baths 2,416 sqft Built 1983

$235,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $97.27
  • 5 Days on Market
  • MLS # : 6851582
  • Updated Date : 03/13/2021 at 14:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,416 sqft
  • Baths : 4 full
Listing Agent's Description

Great home in convenient location in Lawrenceville! Currently tenant occupied. Lease expires May 5, 2021. Updated kitchen, all appliances included. Spacious living room and dining area. Laundry room upstairs including washer and dryer. In-law suite with full kitchen in lower level. Garage was converted. Access to the basement from living will be done prior to closing. Parkin on driveway. Large fenced back yard. No HOA. Sold AS-IS

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
Corley Elementary School Primary Regular 1,432 98 5
Sweetwater Middle School Middle Regular 1,980 117 5
Berkmar High School High Regular 3,439 198 4

Corley Elementary School

  • Education Level: Primary
  • # of students: 1,432
  • # of teachers: 98
5
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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$816
Property Tax -$282
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$279

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.

$235,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.67%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$34,392

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,673

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,5704$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 3778 Willow Wood Way Lawrenceville, GA 3
    • 4 beds 4 baths ∙ 2,416 Sqft ∙ Built 1983 4 beds 4 baths ∙ 2,416 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.65
    •  
  • 1310 Hampton Hill Court Lawrenceville, GA 1
    • 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 1985
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.69
    •  
  • 730 Harbor Point Court Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1995
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.71
    •  
  • 3731 Guthrie Circle Nw Lawrenceville, GA 4
    • 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 1968 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 1968
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 3165 Haverhill Rowe Lawrenceville, GA 5
    • 3 beds 3 baths ∙ 2,408 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,408 Sqft ∙ Built 1993
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.66
    •  
PROPERTY LISTING DETAILS
The Gwin Team
1.770.402.2246
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6851582
Last Updated: 03/13/2021
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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