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832 Brandlwood Way Nw Lilburn, GA 30047

3 Beds 3 Baths 1,734 sqft Built 1983

$225,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $129.76
  • 2 Days on Market
  • MLS # : 6913377
  • Updated Date : 07/13/2021 at 10:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,734 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

SOLD AS IS -- FIXER UPPER. Great Opportunity Improve and Lease for Rental Income or First Time Home Buyer. This house has 3 bedrooms and 2.5 baths. Den Room 2nd floor. Sunroom. Level Driveway. Fenced Back Yard. The house needs new flooring throughout and paint inside out. This House will not qualify for FHA loan..

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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

Neighborhood: Lilburn

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k225k

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

Neighborhood: Lilburn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9511734

* 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
Hopkins Elementary School Primary Regular 1,980 138 5
Berkmar Middle School Middle Regular 1,049 70 8
Berkmar High School High Regular 3,439 198 4

Hopkins Elementary School

  • Education Level: Primary
  • # of students: 1,980
  • # of teachers: 138
5
GreatSchools Rating

Berkmar Middle School

  • Education Level: Middle
  • # of students: 1,049
  • # of teachers: 70
8
GreatSchools Rating

Berkmar High School

  • Education Level: High
  • # of students: 3,439
  • # of teachers: 198
4
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$782
Property Tax -$261
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$198

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.

$225,000

PROJECTED PRICE

$1,420

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$25,511

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,439

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4204$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 832 Brandlwood Way Nw Lilburn, GA 3
    • 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,734 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.82
    •  
  • 560 Lilburn School Road Nw Lilburn, GA 1
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1994
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 5193 Cold Springs Drive Nw Lilburn, GA 2
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1986
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
  • 1077 Trailblazer Way Nw Lilburn, GA 4
    • 4 beds 3 baths ∙ 1,896 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,896 Sqft ∙ Built 1983
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 1020 Indian Way Nw Lilburn, GA 5
    • 4 beds 3 baths ∙ 2,082 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,082 Sqft ∙ Built 1986
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ben Nguyen
1.678.662.1255
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913377
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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