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757 Riverlanding Drive Lawrenceville, GA 30046

4 Beds 3 Baths 2,741 sqft Built 1994

$359,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $131.30
  • 1 Days on Market
  • MLS # : 6913844
  • Updated Date : 07/13/2021 at 11:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,741 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful 4 Bed, 2 and a half bathroom close by to groceries shopping center. Book an appointment to see now! Schedule showing only.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 30046

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $82k227k

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

Zip Code: 30046

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8171552

* 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
Benefield Elementary School Primary Regular 1,339 93 7
Richards Middle School Middle Regular 1,571 95 5
Discovery High School High Regular NA

Benefield Elementary School

  • Education Level: Primary
  • # of students: 1,339
  • # of teachers: 93
7
GreatSchools Rating

Richards Middle School

  • Education Level: Middle
  • # of students: 1,571
  • # of teachers: 95
5
GreatSchools Rating

Discovery High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,250
Property Tax -$432
Property Insurance -$80
HOA -$47
Property Management Fees -$119
CASH FLOW
-$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$359,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,891

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,7204$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 757 Riverlanding Drive Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.69
    •  
  • 1644 Riverlanding Circle Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1995
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.65
    •  
  • 1063 Bailing Road Lawrenceville, GA 2
    • 4 beds 4 baths ∙ 2,538 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,538 Sqft ∙ Built 1985
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 1206 Haliburton Avenue Lawrenceville, GA 3
    • 3 beds 2 baths ∙ 2,544 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,544 Sqft ∙ Built 1977
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.68
    •  
  • 1529 Sydney Pond Circle Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2000
    property image
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
PROPERTY LISTING DETAILS
Christine Tran
1.678.414.3416
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913844
Last Updated: 07/13/2021
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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