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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $144.23
- 38 Days on Market
- MLS # : 6883361
- Updated Date : 07/13/2021 at 10:58
CONSTRUCTION
- Beds : 4
- Floor Size : 2,288 sqft
- Baths : 3 full
Listing Agent's Description
BACK ON MARKET! Ready to move in, newly upgraded and well-maintained home on a 0.52+/-fenced acre lot in Grayson, GA. Leighs Grove Subdivision; NO HOA. House features 3-bedroom 2-bathroom on main floor, a finished basement with 1BR/1BA an additional bonus room, media room and walk in closet. Main Floor is a split floor plan that has been upgraded featuring: Living room, cathedral ceiling, Fireplace Gas, built-in bookcase; Brazilian Cherry Oak hardwood floors refinished throughout; Spacious kitchen with painted white cabinets, granite countertops, backsplash, stainless
SEE MORE
- 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: 30017
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30017
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$343 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$70
|
||
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.
$330,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.2% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
3.67
YEARS SAVED
$11,017
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,693
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
64 Leighs Grove Way Grayson, GA 2
- 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,610
- $0.70
-
1898 White Top Road Lawrenceville, GA 1
- 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 2005
![property image]()
LEASED 11/23/19- Rent
- Rent Per SQFT
- $1,500
- $0.72
-
632 Leaflet Ives Trail Lawrenceville, GA 3
- 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2005
![property image]()
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,650
- $0.73
-
825 Donington Circle Lawrenceville, GA 4
- 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2015
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,725
- $0.79
-
2077 Juniper Ives Court Grayson, GA 5
- 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2014
![property image]()
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,805
- $0.72
PROPERTY LISTING DETAILS
1.678.549.6838
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6883361
Last Updated: 07/13/2021
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.
