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3901 Yellowstone Way Lilburn, GA 30047

4 Beds 4 Baths 2,952 sqft Built 1991

$318,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $108.03
  • 7 Days on Market
  • MLS # : 6820760
  • Updated Date : 12/22/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,952 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Experience the sights and sounds of nature from your own backyard! Private .78 acre wooded lot on the Yellow River! Don’t miss out; this home has so much potential. Spacious kitchen with breakfast area. Separate Living and dining room. Huge Laundry room with wash basin. Master bedroom has a trey ceiling, two walk-in closets, jetted garden tub and separate shower. Two nicely sized secondary bedrooms and full bath upstairs. Finished basement area with additional bedroom or office, plus a multi-use room and full bath. Full size 2 car side entry garage.

SEE MORE

MARKET HIGHLIGHTS

  • #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: 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
 

$287,010$350,790$318,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,177
Property Tax -$341
Property Insurance -$84
HOA -$25
Property Management Fees -$119
CASH FLOW
$124

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.

$318,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,259

INVESTMENT

$90,259

Down Payment
$79,725
Rehab Estimate
$5,750
Closing Costs
$4,784

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,725
Loan Amount $239,175
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$29,979

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,017

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8703$1,9004$2,200
$2,200
RENT COMPS ANALYSIS
  • 3901 Yellowstone Way Lilburn, GA 2
    • 4 beds 4 baths ∙ 2,952 Sqft ∙ Built 1991 4 beds 4 baths ∙ 2,952 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.63
    •  
  • 911 Cedar Trace Sw Lilburn, GA 1
    • 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 1979
    property image
    LEASED 07/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 3832 Betty Jean Court Sw Lilburn, GA 3
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 1983
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.70
    •  
  • 1325 Killian Shoals Way Sw Lilburn, GA 4
    • 5 beds 3 baths ∙ 3,036 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,036 Sqft ∙ Built 2000
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
PROPERTY LISTING DETAILS
David R Mckay
1.678.480.5095
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820760
Last Updated: 12/22/2020
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. © 2017 First Multiple Listing Service, Inc.

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