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5670 Martin Grove Drive Nw Lilburn, GA 30047

4 Beds 3 Baths 1,938 sqft Built 1999

$290,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $149.64
  • 4 Days on Market
  • MLS # : 6838524
  • Updated Date : 02/26/2021 at 13:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,938 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Traditional brick front in prime location with close proximity to restaurants, shopping, and more! Beautiful 2-story entrance foyer, separate dining area with tons of natural light showcasing the beautiful surrounding chair rail. Gleaming hardwoods span throughout. Kitchen provides ample storage space, white cabinetry, stunning stone countertops, bar seating with pendant lighting, separate breakfast area with walkout access to the back patio all while overlooking the expansive 2 story family room with a cozy brick fireplace. Truly an entertainer's dream. Owners suite is

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

Neighborhood: Lilburn

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k225k

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

Neighborhood: Lilburn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9511734

* 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
Lilburn Elementary School Primary Regular 1,597 109 6
Lilburn Middle School Middle Regular 1,790 102 5
Meadowcreek High School High Regular 3,548 172 3

Lilburn Elementary School

  • Education Level: Primary
  • # of students: 1,597
  • # of teachers: 109
6
GreatSchools Rating

Lilburn Middle School

  • Education Level: Middle
  • # of students: 1,790
  • # of teachers: 102
5
GreatSchools Rating

Meadowcreek High School

  • Education Level: High
  • # of students: 3,548
  • # of teachers: 172
3
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,007
Property Tax -$336
Property Insurance -$65
HOA -$21
Property Management Fees -$119
CASH FLOW
$102

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.

$290,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.8%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

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 $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,487

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,633

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,437
1$1,4372$1,6003$1,6504$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 5670 Martin Grove Drive Nw Lilburn, GA 3
    • 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 396 Shamrock Court Tucker, GA 1
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 1986
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,437
    • $0.75
    •  
  • 458 Fire Fly Drive Tucker, GA 2
    • 3 beds 3 baths ∙ 1,826 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,826 Sqft ∙ Built 1984
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 770 Cloverwood Court Nw Lilburn, GA 4
    • 4 beds 3 baths ∙ 1,984 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,984 Sqft ∙ Built 1996
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 305 Braxton Place Tucker, GA 5
    • 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 1995
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
PROPERTY LISTING DETAILS
Becky Nguyen Evans
1.678.596.6821
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6838524
Last Updated: 02/26/2021
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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