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4231 Sw Weston Drive Sw Lilburn, GA 30047

5 Beds 3 Baths 2,508 sqft Built 1993

$365,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $145.53
  • 3 Days on Market
  • MLS # : 6817597
  • Updated Date : 12/11/2020 at 20:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,508 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Unbelievable value in this meticulously maintained home in the highly sought-after Parkview HS cluster. Gorgeous & spacious both inside & out, this property will appeal to your most picky Buyers! Beautifully refinished hardwoods throughout the main floor, spacious Family Room w/brick, gas fireplace. A modern, streamlined Kitchen features white cabinets, granite countertops, newer SS appliances, updated fixtures & great views of the main floor. Elegant Master Suite w/trey ceiling & RENOVATED Master Bath featuring dual vanities, updated shower, jetted tub and

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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)
  • #1 Most affordable big city (WalletHub, 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)

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
Camp Creek Elementary School Primary Regular 975 69 9
Trickum Middle School Middle Regular 1,987 108 8
Parkview High School High Regular 2,834 152 8

Camp Creek Elementary School

  • Education Level: Primary
  • # of students: 975
  • # of teachers: 69
9
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
 

$328,500$401,500$365,000

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 -$1,347
Property Tax -$374
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$36

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.

$365,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.52%

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,679

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
  • $0.75

    LIST RENT PER SQFT
  • $1,837

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,8804$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 4231 Sw Weston Drive Sw Lilburn, GA 3
    • 5 beds 3 baths ∙ 2,508 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,508 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.75
    •  
  • 1022 Bay Pointe Way Lilburn, GA 1
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2000
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.64
    •  
  • 1276 Tred Avon Way Lilburn, GA 2
    • 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1980
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 3832 Betty Jean Court Sw Lilburn, GA 4
    • 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
    •  
  • 1337 Arlene Court Lilburn, GA 5
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 1979
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
PROPERTY LISTING DETAILS
Olivia Ott
1.770.846.5422
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6817597
Last Updated: 12/11/2020
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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