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PROPERTY INFO
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
- #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
* 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 | $1,870 |
| 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
| 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
$90,259
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,725 |
| Loan Amount | $239,175 |
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
-
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
1.678.480.5095
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820760
Last Updated: 12/22/2020
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.
