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910 Pawnee Place Nw Lilburn, GA 30047

3 Beds 2 Baths 2,376 sqft Built 1981

INVESTimate

$240,000

List Price

$1,540

$1,386 - $1,694

Rent Est.

$259,152  ( +7.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $101.01
  • 3 Days on Market
  • MLS # : 6771744
  • Updated Date : 08/25/2020 at 10:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,376 sqft
  • Baths : 2 full
Listing Agent's Description

This beautiful renovated ranch is ready for you to move in!! It has a large living room with vaulted ceiling and a bar. The open living space and kitchen are perfect for entertaining and the private backyard (with shed). It has 2 additional rooms that can be used as an office, gym or additional bedrooms. Large driveway to park as 10 cars ! The renovated kitchen with granite counter tops, new paint, new floors, new windows, new HVAC and new bathrooms were updated within the last years.

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: 30047

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30047

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
 

$216,000$264,000$240,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$886
Property Tax -$257
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$206

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.

$240,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.98%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$35,317

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
  • $0.65

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5403$1,6004$1,800
$1,800
RENT COMPS ANALYSIS
  • 910 Pawnee Place Nw Lilburn, 2
    • 3 beds 2 baths ∙ 2,376 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,376 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.65
    •  
  • 711 Rockbridge Road Nw Lilburn, 1
    • 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1970
    LEASED 04/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.65
    •  
  • 928 Hampton Trail Lilburn, 3
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1983
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 227 Sandra Drive Nw Lilburn, 4
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1973
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
PROPERTY LISTING DETAILS
Diana Soto
1.678.330.9369
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6771744
Last Updated: 08/25/2020
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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