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5622 La Fleur Trail Lithonia, GA 30038

4 Beds 3 Baths 1,800 sqft Built 1986

$175,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $97.22
  • 6 Days on Market
  • MLS # : 6842045
  • Updated Date : 02/27/2021 at 06:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,800 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Rent to Own Option Available. Welcome to this beautifully renovated gem! Enjoy the updated kitchen, fresh paint, updated lighting and new flooring throughout the entire home. This Home offers a very spacious family room with a fireplace. With an oversized master suite. The garage has been professionally converted in to a 4th bedroom, which can also be used as a home office or playroom. Very spacious and private backyard!

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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30038

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30038

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Flat Rock Elementary School Primary Regular 1,057 64 2
Salem Middle School Middle Regular 1,095 68 3
Martin Luther King, Junior High School High Regular 1,668 93 3

Flat Rock Elementary School

  • Education Level: Primary
  • # of students: 1,057
  • # of teachers: 64
2
GreatSchools Rating

Salem Middle School

  • Education Level: Middle
  • # of students: 1,095
  • # of teachers: 68
3
GreatSchools Rating

Martin Luther King, Junior High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 93
3
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$608
Property Tax -$253
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$308

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.

$175,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.9%
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$100k$200k$300k$400k$500k$600k$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$30,662

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,310

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,2953$1,3504$1,3575$1,495
$1,495
RENT COMPS ANALYSIS
  • 5622 La Fleur Trail Lithonia, GA 3
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.75
    •  
  • 3726 Salem Chapel Drive Lithonia, GA 1
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1998
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.74
    •  
  • 5165 Oaktree Trail Lithonia, GA 2
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1989
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.74
    •  
  • 3186 Pearce Court Lithonia, GA 4
    • 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1988
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,357
    • $0.71
    •  
  • 3674 Walnut Creek Way Lithonia, GA 5
    • 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 2002
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.72
    •  
PROPERTY LISTING DETAILS
Supreme Home Group
1.470.535.4741
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6842045
Last Updated: 02/27/2021
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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