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521 Carithers Road Lawrenceville, GA 30046

4 Beds 3 Baths 2,007 sqft Built 1980

$289,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $144.44
  • 2 Days on Market
  • MLS # : 6913650
  • Updated Date : 07/13/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,007 sqft
  • Baths : 3 full
Listing Agent's Description

Location, Location beautiful split level home close to downtown Lawrenceville recently renovated new hardiplank siding, windows, gutters, new garage door, new front porch back deck, new exterior & interior paint, new floors throughout, new kitchen cabinets quartz counter tile backsplash, new tile bathrooms, new plumbing, new electrical panel box, new water heater, new HVAC system. A must-see!!!!

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: 30046

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $82k227k

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

Zip Code: 30046

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8171552

* 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
Jenkins Elementary School Primary Regular 1,031 64 9
Jordan Middle School Middle Unknown NA
Central Gwinnett High School High Regular 2,748 152 5

Jenkins Elementary School

  • Education Level: Primary
  • # of students: 1,031
  • # of teachers: 64
9
GreatSchools Rating

Jordan Middle School

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

Central Gwinnett High School

  • Education Level: High
  • # of students: 2,748
  • # of teachers: 152
5
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,007
Property Tax -$305
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$83

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$289,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$13,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,731

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,5804$1,6005$1,875
$1,875
RENT COMPS ANALYSIS
  • 521 Carithers Road Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.79
    •  
  • 550 Carithers Road Lawrenceville, GA 1
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1980
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.85
    •  
  • 635 Mccart Road Lawrenceville, GA 2
    • 5 beds 3 baths ∙ 1,808 Sqft ∙ Built 1993 5 beds 3 baths ∙ 1,808 Sqft ∙ Built 1993
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 520 Carithers Road Lawrenceville, GA 4
    • 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1980
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 454 Saddle Shoal Trail Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1999
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.87
    •  
PROPERTY LISTING DETAILS
Roberto Fuentes
1.404.944.7482
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913650
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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