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641 Cricket Hill Trail Lawrenceville, GA 30044

3 Beds 3 Baths 2,369 sqft Built 1974

$255,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $107.64
  • 5 Days on Market
  • MLS # : 6807000
  • Updated Date : 11/20/2020 at 16:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,369 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Don't miss out on this GREAT opportunity! Roof- 2 yrs young, NEW furnace, electrical panel, gutters, waterproofed crawl, septic serviced in 2020- all the little things a new home owner would worry about are taken care of! Granite counters in the kitchen and plenty of space for your family! This is a steal when you consider it is also in Brookwood HS cluster! AND... carpet is being replaced on December 11th!

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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k227k

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

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9481552

* 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
Craig Elementary School Primary Regular 1,047 73 8
Five Forks Middle School Middle Regular 1,065 61 9
Brookwood High School High Regular 3,424 172 9

Craig Elementary School

  • Education Level: Primary
  • # of students: 1,047
  • # of teachers: 73
8
GreatSchools Rating

Five Forks Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 61
9
GreatSchools Rating

Brookwood High School

  • Education Level: High
  • # of students: 3,424
  • # of teachers: 172
9
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$941
Property Tax -$306
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$71

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.

$255,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.8%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$17,883

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,664

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,5753$1,5954$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 641 Cricket Hill Trail Lawrenceville, GA 1
    • 3 beds 3 baths ∙ 2,369 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,369 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.64
    •  
  • 2488 Shamrock Way Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1983
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.62
    •  
  • 2776 Jo Beth Drive Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 1973
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.70
    •  
  • 844 Chandler Drive Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,107 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,107 Sqft ∙ Built 1971
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 2811 Tony Drive Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,394 Sqft ∙ Built 1974
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.73
    •  
PROPERTY LISTING DETAILS
Christie L Wilkins
1.470.238.9765
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807000
Last Updated: 11/20/2020
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. © 2017 First Multiple Listing Service, Inc.

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