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4057 Louis Road Sw Lilburn, GA 30047

4 Beds 3 Baths 2,736 sqft Built 1985

$325,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $118.79
  • 4 Days on Market
  • MLS # : 6807950
  • Updated Date : 11/13/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,736 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Great new listing in the Parkview district. Low maintenance four side brick with many new upgrades throughout. Large eat-in kitchen with bay window, new tile floors, freshly painted cabinets, granite counters, double convection ovens, stainless steel appliances, under cabinet LED lighting and built-in Credenza. Formal living and dining rooms, and den with fireplace, built-in cabinets, shelving and a wet bar. Large master suite with flex room attached. Perfect for a nursery, office, or a second huge walk-in closet.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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)
  • 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)

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
Knight Elementary School Primary Regular 781 50 7
Trickum Middle School Middle Regular 1,987 108 8
Parkview High School High Regular 2,834 152 8

Knight Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 50
7
GreatSchools Rating

Trickum Middle School

  • Education Level: Middle
  • # of students: 1,987
  • # of teachers: 108
8
GreatSchools Rating

Parkview High School

  • Education Level: High
  • # of students: 2,834
  • # of teachers: 152
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,199
Property Tax -$370
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$112

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.

$325,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.58%

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$29,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,970

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8803$1,9004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 4057 Louis Road Sw Lilburn, GA 2
    • 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.69
    •  
  • 227 Sandra Drive Nw Lilburn, GA 1
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1973
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
  • 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
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.70
    •  
  • 262 Sw Windsong Lane Sw Lilburn, GA 4
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1978
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 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
Kellie Mattson
1.404.247.3729
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807950
Last Updated: 11/13/2020
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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