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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $128.59
- 3 Days on Market
- MLS # : 6820445
- Updated Date : 12/19/2020 at 12:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,760 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Newly remodeled and ready to go in a sought after neighborhood! If you're looking for a quiet cul-de-sac to settle into, this is your house. New hardwoods downstairs with vaulted ceilings for an open feel. Brand new appliances in the kitchen. Large unfinished basement with walkout, ready to be finished to fit your family's needs. Come see this house soon, it won't last long!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30043
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,309 |
| Property Tax | -$426 | |
| Property Insurance | -$80 | |
| HOA | -$13 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$7
|
||
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.
$354,900
PROJECTED PRICE
$1,940
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,799
LOAN DETAILS
$1,309
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,725 |
| Loan Amount | $266,175 |
4.58
YEARS SAVED
$19,278
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,691
COMP ESTIMATED VALUE -
$0.61
COMP AVG. RENT PER SQFT
Comps Range
-
895 Fox Meadow Lane Lawrenceville, GA 5
- 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $1,940
- $0.70
-
2441 Valentines Court Lawrenceville, GA 1
- 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1987
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LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,650
- $0.58
-
910 Hounds Ridge Court Lawrenceville, GA 2
- 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1991
![property image]()
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,675
- $0.67
-
2385 Sailor Lane Suwanee, GA 3
- 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1997
![property image]()
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,700
- $0.58
-
1551 Swan Valley Court Lawrenceville, GA 4
- 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2002
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,700
- $0.62
PROPERTY LISTING DETAILS
1.678.431.1130
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6820445
Last Updated: 12/19/2020
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.
