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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $122.02
- 3 Days on Market
- MLS # : 6842638
- Updated Date : 02/20/2021 at 17:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,212 sqft
- Baths : 2 full
Listing Agent's Description
Beautiful traditional home in popular Hanarry Estates. Only one owner. Features family room with brick fireplace. Hardwood floors. Kitchen has beautiful wood cabinetry, granite countertops, backsplash & eat-in area. One full bed & bath on main floor. Full bath and owners suite with 2 additional bedrooms upstairs. Lawn has beautiful Zoysia grass in front and back yard. Outbuilding/workshop has full power. Swim and Raquet Club in neighborhood with optional membership.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30047
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30047
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$289 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$185
|
||
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
$1,600
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
8.25
YEARS SAVED
$29,053
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,665
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
594 James Street Sw Lilburn, GA 3
- 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,600
- $0.72
-
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
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,450
- $0.71
-
4374 Hale Place Lilburn, GA 2
- 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 1970
LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,495
- $0.77
-
462 Johannah Place Sw Lilburn, GA 4
- 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1972
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,725
- $0.75
-
3565 Vinyard Way Lawrenceville, GA 5
- 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 1976
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,750
- $0.78
PROPERTY LISTING DETAILS
1.770.601.0829
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842638
Last Updated: 02/20/2021
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.
