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860 Regency Court Lawrenceville, GA 30044

3 Beds 3 Baths 2,020 sqft Built 1972

$250,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $123.76
  • 6 Days on Market
  • MLS # : 6807212
  • Updated Date : 11/13/2020 at 13:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,020 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This is truly a charming traditional four-sided brick property that's close to schools, shopping, entertainment, & public transportation. Wheelchair accessible from ramp at back of house. This is a gem that your buyers can't miss: hardwood floors, newly installed AC unit, new SS appliances, newer roof, large vaulted ceiling with fireplace, huge sunroom with lots of windows that opens to beautiful deck overlooking the level back yard that has many fruit trees, a garden area and an outbuilding. Master suite has ensuite with tub/shower combo, dual vanity and large closet.

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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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: 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
Baggett Elementary School Primary Regular NA
Richards Middle School Middle Regular 1,571 95 5
Discovery High School High Regular NA

Baggett Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$922
Property Tax -$300
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$133

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.

$250,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.62%

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$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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$23,560

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,616

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5403$1,5504$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 860 Regency Court Lawrenceville, GA 2
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.76
    •  
  • 865 Regency Court Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 1972
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.81
    •  
  • 2550 Binghampton Lane Lawrenceville, GA 3
    • 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1991
    property image
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 2195 Eagle Nest Bluff Lawrenceville, GA 4
    • 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,916 Sqft ∙ Built 1992
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 2385 Waterford Park Drive Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1991
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
PROPERTY LISTING DETAILS
Dianna Mcwhorter
1.770.298.0757
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807212
Last Updated: 11/13/2020
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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