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5151 Brockinton Court Sw Lilburn, GA 30047

4 Beds 3 Baths 2,786 sqft Built 1987

$430,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $154.34
  • 2 Days on Market
  • MLS # : 6913937
  • Updated Date : 07/13/2021 at 14:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,786 sqft
  • Baths : 3 full
Listing Agent's Description

Fantastic move in ready house in Parkview school district! Beautiful backyard, new sod, new roof, new gutters, new HVAC's. Three spacious bedrooms upstairs, with an extra flex room, and one large bedroom on main, with a full bath, two full baths up... AND all new hardwood flooring! Great main level with open kitchen to breakfast area leading to the den with laundry and back staircase. You won't want to miss this fabulous family home in a fantastic location!

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)
  • #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)

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
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,494
Property Tax -$460
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
-$153

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.

$430,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.47%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$10,111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,124

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$2,0003$2,1004$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 5151 Brockinton Court Sw Lilburn, GA 2
    • 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 5539 Fern Creek Drive Sw Lilburn, GA 1
    • 4 beds 2 baths ∙ 2,436 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,436 Sqft ∙ Built 1974
    LEASED 05/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.73
    •  
  • 5634 Orchard Place Xing Sw Lilburn, GA 3
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 1996
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 262 Windsong Lane Sw Lilburn, GA 4
    • 5 beds 3 baths ∙ 2,698 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,698 Sqft ∙ Built 1978
    LEASED 06/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 4329 Catamount Drive Lilburn, GA 5
    • 5 beds 3 baths ∙ 3,112 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,112 Sqft ∙ Built 2001
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
PROPERTY LISTING DETAILS
Rachel Frintner
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913937
Last Updated: 07/13/2021
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.

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