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660 Georgian Hills Drive Lawrenceville, GA 30045

4 Beds 3 Baths 2,013 sqft Built 1996

$257,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $128.12
  • 5 Days on Market
  • MLS # : 6821569
  • Updated Date : 12/24/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,013 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Come and take in the beauty of this amazing 4 bedroom and 2.5 bathroom home in Lawrenceville that is conveniently located near local parks, stores, and restaurants! Enter the home and you'll immediately notice gorgeous hardwood flooring and a stone fireplace with a mantle that will be a perfect spot for photos. Stainless steel appliances and a gas stovetop are featured in the kitchen, but we can't forget about the custom backsplash. The primary bedroom is upstairs and features an attached bathroom with double sinks. The basement is also awaiting your finishing touches!

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30045

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k227k

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

Zip Code: 30045

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9731610

* 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
Alcova Elementary School Primary Regular 1,156 76 7
Dacula Middle School Middle Regular 1,617 87 8
Dacula High School High Regular 1,944 100 7

Alcova Elementary School

  • Education Level: Primary
  • # of students: 1,156
  • # of teachers: 76
7
GreatSchools Rating

Dacula Middle School

  • Education Level: Middle
  • # of students: 1,617
  • # of teachers: 87
8
GreatSchools Rating

Dacula High School

  • Education Level: High
  • # of students: 1,944
  • # of teachers: 100
7
GreatSchools Rating
 

$232,110$283,690$257,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$952
Property Tax -$309
Property Insurance -$66
HOA -$33
Property Management Fees -$119
CASH FLOW
$141

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.

$257,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$74,094

INVESTMENT

$74,094

Down Payment
$64,475
Rehab Estimate
$5,750
Closing Costs
$3,869

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,475
Loan Amount $193,425
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,060

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6004$1,6205$1,845
$1,845
RENT COMPS ANALYSIS
  • 660 Georgian Hills Drive Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.80
    •  
  • 585 Chapel Walk Lane Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 2002
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 535 Madison Chase Drive Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 1999
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 660 Castlebrooke Drive Lawrenceville, GA 3
    • 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,081 Sqft ∙ Built 2002
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 879 Martin Forest Court Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2004
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.82
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821569
Last Updated: 12/24/2020
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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