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4340 Lake Laurel Drive Se Smyrna, GA 30082

4 Beds 3 Baths 2,909 sqft Built 1963

$450,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $154.69
  • 2 Days on Market
  • MLS # : 6804641
  • Updated Date : 11/07/2020 at 10:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,909 sqft
  • Baths : 3 full
Listing Agent's Description

Amazing Ranch Restoration on .62 acres, Close to Smyrna Market Village! Minutes to Buckhead & Midtown, Great Location! Full Basement, Fenced Back Yard with Separate Driveway Access to Tool Shed, Enclosed Sun Porch, Large Patio with Fire Pit, Expansive Gourmet Kitchen with Custom Cabinetry, Pull out Shelves/Drawers, Oversized Center Island with Gas Cook-top, Prep Sink, New Stainless Appliances & Vent Hood, Living Room with Tray Ceiling, Gas Fireplace, Built In Custom Cabinetry with Double Glass Sliding Doors,

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

Neighborhood: Lake Laurel Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Lake Laurel Estates

NeighborhoodNIR 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
Nickajack Elementary School Primary Regular 1,126 75 7
Griffin Middle School Middle Regular 1,196 70 5
Campbell High School High Regular 2,509 135 5

Nickajack Elementary School

  • Education Level: Primary
  • # of students: 1,126
  • # of teachers: 75
7
GreatSchools Rating

Griffin Middle School

  • Education Level: Middle
  • # of students: 1,196
  • # of teachers: 70
5
GreatSchools Rating

Campbell High School

  • Education Level: High
  • # of students: 2,509
  • # of teachers: 135
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,660
Property Tax -$516
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
-$118

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.

$450,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$16,466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,764

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2603$2,9004$2,950
$2,950
RENT COMPS ANALYSIS
  • 4340 Lake Laurel Drive Se Smyrna, GA 2
    • 4 beds 3 baths ∙ 2,909 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,909 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.78
    •  
  • 3543 Simpson Farm Drive Se Smyrna, GA 1
    • 5 beds 5 baths ∙ 3,005 Sqft ∙ Built 1960 5 beds 5 baths ∙ 3,005 Sqft ∙ Built 1960
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.66
    •  
  • 4139 Brookview Drive Se Atlanta, GA 3
    • 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 1980
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.10
    •  
  • 3259 Isoline Way Se Smyrna, GA 4
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 1967 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 1967
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.09
    •  
PROPERTY LISTING DETAILS
The Debbie Leonard Group
1.404.419.3610
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804641
Last Updated: 11/07/2020
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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