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935 Collins Hill Road Lawrenceville, GA 30043

3 Beds 2 Baths 1,485 sqft Built 1985

$254,500

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $171.38
  • 87 Days on Market
  • MLS # : 6807133
  • Updated Date : 02/05/2021 at 22:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,485 sqft
  • Baths : 2 full
Listing Agent's Description

4 sided brick ranch on level lot. Open floor plan w/newly remodeled kitchen: cabinets, granite countertops, backsplash and flooring. Fresh paint in & out. New 100% waterproof vinyl planking through-out. 3b/2ba, master bedroom w/walk-in closet. Ceiling fans through-out/attic access storage, heat/air 2 yrs old. Roof on both house and 12x16 shop 1 year old. Sunroom w/tile flooring, outside concrete patio & vinyl privacy fencing. Access to 316, shops, restaurants, school, hospital & GA Gwinnett College. Finished garage w/storage room. Sold as is.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30043

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30043

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
Taylor Elementary School Primary Regular 927 64 7
Creekland Middle School Middle Regular 2,157 129 6
Collins Hill High School High Regular 3,148 157 8

Taylor Elementary School

  • Education Level: Primary
  • # of students: 927
  • # of teachers: 64
7
GreatSchools Rating

Creekland Middle School

  • Education Level: Middle
  • # of students: 2,157
  • # of teachers: 129
6
GreatSchools Rating

Collins Hill High School

  • Education Level: High
  • # of students: 3,148
  • # of teachers: 157
8
GreatSchools Rating
 

$229,050$279,950$254,500

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$884
Property Tax -$305
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$34

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.

$254,500

PROJECTED PRICE

$1,330

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

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$73,193

INVESTMENT

$73,193

Down Payment
$63,625
Rehab Estimate
$5,750
Closing Costs
$3,818

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$884

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,625
Loan Amount $190,875
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$9,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,325

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,4503$1,4954$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 935 Collins Hill Road Lawrenceville, GA 1
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.90
    •  
  • 622 Brighton Drive Lawrenceville, GA 2
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1978
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 509 Los Alamos Place Lawrenceville, GA 3
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1970
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
  • 1330 Winding Wood Way Lawrenceville, GA 4
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1992
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 170 Victoria Station Boulevard Lawrenceville, GA 5
    • 3 beds 3 baths ∙ 1,746 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,746 Sqft ∙ Built 1999
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
PROPERTY LISTING DETAILS
Stacy Mccullers
1.678.859.3663
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807133
Last Updated: 02/05/2021
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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