Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

445 Ringtail Drive Lawrenceville, GA 30044

3 Beds 2 Baths 2,091 sqft Built 1990

$249,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $119.51
  • 2 Days on Market
  • MLS # : 6840149
  • Updated Date : 02/13/2021 at 18:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,091 sqft
  • Baths : 2 full
Listing Agent's Description

***MULTIPLE OFFERS - SELLER CALLING FOR HIGHEST & BEST OFFERS BY 6:00 PM SUNDAY, FEBRUARY 14TH, 2021*** RUUUUNNNN!!! DO NOT WALK!! Brand New Listing!! MOVE-IN READY!! Brand New FLOORING! Brand New Fresh Paint! Brand New Gas Oven! Brand New Dishwasher! Brand New Garage Door! Brand New Stylish Bronze Fixtures! Incredible Open Concept Ranch Home with Enclosed SUNROOM is calling your name! Fantastic Open Concept Floorplan! This ranch home offers a HUGE Formal Living Room with Bay Window --> VERY UNUSUAL --> AND a Formal Dining Room AND a Vaulted Great Room complete with

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: 30044

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k227k

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

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9481552

* 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
Benefield Elementary School Primary Regular 1,339 93 7
Richards Middle School Middle Regular 1,571 95 5
Discovery High School High Regular NA

Benefield Elementary School

  • Education Level: Primary
  • # of students: 1,339
  • # of teachers: 93
7
GreatSchools Rating

Richards Middle School

  • Education Level: Middle
  • # of students: 1,571
  • # of teachers: 95
5
GreatSchools Rating

Discovery High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$868
Property Tax -$300
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$126

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.

$249,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$19,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,668

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,6003$1,6004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 445 Ringtail Drive Lawrenceville, GA 1
    • 3 beds 2 baths ∙ 2,091 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,091 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.71
    •  
  • 397 Ravinia Way Lawrenceville, GA 2
    • 3 beds 3 baths ∙ 2,176 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,176 Sqft ∙ Built 1991
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 374 Seneca Drive Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 1987
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 2214 Crystal Lake Drive Lawrenceville, GA 4
    • 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 1987
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
  • 505 Seneca Drive Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 1988
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
PROPERTY LISTING DETAILS
Cindy L Beamon
1.678.357.6990
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6840149
Last Updated: 02/13/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

BESbswy