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381 Saint Simons Cove 
Lawrenceville, GA
30044
4 Beds 3 Baths 2,374 sqft
Built 1986
INVESTimate
$239,900
List Price
$69,324
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $101.05
- 2 Days on Market
- MLS # : 6771652
- Updated Date : 08/26/2020 at 01:09
CONSTRUCTION
- Beds : 4
- Floor Size : 2,374 sqft
- Baths : 3 full
Listing Agent's Description
Brand New Roof in Aug, 2020. Spacious property, excellent schools.
- #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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30044
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30044
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$288 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$355
|
||
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.
$239,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 8.77% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
11.42
YEARS SAVED
$49,363
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,715
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
381 Saint Simons Cove Lawrenceville, 4
- 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,720
- $0.72
-
2200 Sugarbirch Drive Lawrenceville, 1
- 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 1995
LEASED 02/06/20- Rent
- Rent Per SQFT
- $1,595
- $0.73
-
2611 Deer Isle Cove Lawrenceville, 2
- 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1986
LEASED 06/17/19- Rent
- Rent Per SQFT
- $1,675
- $0.69
-
337 Birchmore Walk Lawrenceville, 3
- 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1995
LEASED 11/21/19- Rent
- Rent Per SQFT
- $1,700
- $0.74
-
2811 Tony Drive Lawrenceville, 5
- 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1974
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,750
- $0.73
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771652
Last Updated: 08/26/2020
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.
