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

480 Killian Hill Road Sw Lilburn, GA 30047

3 Beds 2 Baths 1,963 sqft Built 1972

$269,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $137.49
  • 8 Days on Market
  • MLS # : 6829230
  • Updated Date : 01/18/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,963 sqft
  • Baths : 2 full
Listing Agent's Description

Come see this incredible home located in the sought after Parkview School District. New flooring, new paint inside and out, new roof and new light fixtures. Spacious split-level with three bedrooms and two full bathrooms on the upper level. Living room, open dining room, and kitchen on mid-level. Family room with fireplace and garage on ground level. Private almost half-acre lot with plenty of guest parking. Make this home yours and enjoy the ideal location and quaint surroundings. Won't last long. Easy show.

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

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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$937
Property Tax -$289
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$40

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.

$269,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$15,963

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,458

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4954$1,6665$1,725
$1,725
RENT COMPS ANALYSIS
  • 480 Killian Hill Road Sw Lilburn, GA 2
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.74
    •  
  • 523 Baltimore Avenue Sw Lilburn, GA 1
    • 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 1972 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 1972
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 4374 Hale Place Lilburn, GA 3
    • 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 1970
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 4018 Landress Way Lawrenceville, GA 4
    • 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 1982
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,666
    • $0.74
    •  
  • 462 Johannah Place Sw Lilburn, GA 5
    • 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1972
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.75
    •  
PROPERTY LISTING DETAILS
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6829230
Last Updated: 01/18/2021
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