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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $116.99
- 3 Days on Market
- MLS # : 6842731
- Updated Date : 02/20/2021 at 16:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,137 sqft
- Baths : 2 full
Listing Agent's Description
This "as is" estate property needs carpet, paint, and some siding repairs. But it is your opportunity to own a 4-bedroom, 2 bath, 1-plus story home with bedrooms and baths on the first floor. This wonderful home is on a level lot with a cozy screened porch overlooking a private back yard setting. Located just off Sugarloaf Parkway and minutes from all the great redevelopment in Downtown Lawrenceville including Broadway Shows at the Aurora Theater and the "soon to be completed" Lawrenceville Performing Arts Center. If location matters to you, this is the place.
SEE MORE
- 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: 30046
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30046
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$300 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$64
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$250,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.05% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.60% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
4.5
YEARS SAVED
$10,667
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,517
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
41 Springcrest Trail Lawrenceville, GA 1
- 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,420
- $0.66
-
520 Allens Landing Court Lawrenceville, GA 2
- 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1993
LEASED 12/23/19- Rent
- Rent Per SQFT
- $1,499
- $0.79
-
36 Springcrest Trail Lawrenceville, GA 3
- 5 beds 3 baths ∙ 2,263 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,263 Sqft ∙ Built 1994
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.66
-
609 First Street Lawrenceville, GA 4
- 3 beds 2 baths ∙ 2,385 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,385 Sqft ∙ Built 1997
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,600
- $0.67
-
955 Waldwick Drive Lawrenceville, GA 5
- 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 2000
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,600
- $0.72
PROPERTY LISTING DETAILS
1.770.312.5824
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842731
Last Updated: 02/20/2021
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.
