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960 Whitfield Court Lawrenceville, GA 30043

4 Beds 3 Baths 2,290 sqft Built 1993

$349,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $152.40
  • 3 Days on Market
  • MLS # : 6856354
  • Updated Date : 03/20/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,290 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

BEAUTIFUL traditional Style home WITH A BRAND NEW CARPET AND NEW PAINT IN&OUT! This 4 bedroom, 2.5 bath is perfect for a growing family or just being able to host large gatherings. This home has a large hallway entrance with a separate dining/office area. Going into the living room with a gas fireplace. Going from the living room is the breakfast bar/area leading to the kitchen, with a separate dining room. Upstairs are the bedrooms and large master suite with huge mater bathroom. Fenced in backyard with a back deck. WELCOME HOME to Wellington Place!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Jackson Elementary School Primary Regular 1,673 102 7
Northbrook Middle School Middle Regular 1,001 56 NA
Peachtree Ridge High School High Regular 3,211 163 8

Jackson Elementary School

  • Education Level: Primary
  • # of students: 1,673
  • # of teachers: 102
7
GreatSchools Rating

Northbrook Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 56
NA
GreatSchools Rating

Peachtree Ridge High School

  • Education Level: High
  • # of students: 3,211
  • # of teachers: 163
8
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,212
Property Tax -$419
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$111

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.

$349,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.49%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,843

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7103$1,7254$1,8605$2,000
$2,000
RENT COMPS ANALYSIS
  • 960 Whitfield Court Lawrenceville, GA 2
    • 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.75
    •  
  • 737 Bankshire Drive Suwanee, GA 1
    • 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,041 Sqft ∙ Built 1988
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 1381 Pinehurst Hunt Lawrenceville, GA 3
    • 3 beds 3 baths ∙ 2,191 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,191 Sqft ∙ Built 1987
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.79
    •  
  • 2175 Golden Valley Drive Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.85
    •  
  • 2362 Birch Hollow Trail Lawrenceville, GA 5
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 1993
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jungun Hong
1.404.723.8348
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6856354
Last Updated: 03/20/2021
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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