Property Details

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Investment property: Lilburn, GA 30047
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Open ranch style home with living room, dining room, 2 car garage.Great school district. Home foreclosed in 2012 for $142,354.

Address 4115 Landress Park Drive NW
Lilburn, GA  30047
County Gwinnett
Year Built 1994
Subdivision
Bedrooms 3
Bathrooms 2
SqFt 1551
Stories 2
Garage

Price $ 109900
Estimated Repairs $ 25000
Estimated Retail Value $ 109900
Estimated Rental Income $ 1100
Estimated Property Taxes $ 1929
HOA Fees $ 0

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Comps

Address 315 Tambec Trace NW
Lilburn, GA 30047

5 BR / 3 BA 		2492 Sq. Ft.
Last Sold On: 04/24/2012

Sales Price: $120,001
Address 155 King David Drive
Lilburn, GA 30047

3 BR / 2 BA 		2077 Sq. Ft.
Last Sold On: 05/25/2012

Sales Price: $124,000
Address 537 Daisy Nash Drive
Lilburn, GA 30047

4 BR / 2.5 BA 		3060 Sq. Ft.
Last Sold On: 03/01/2012

Sales Price: $120,000
Address 4128 Linda Lane
Lilburn, GA 30047

4 BR / 2.5 BA 		2577 Sq. Ft.
Last Sold On: 05/09/2012

Sales Price: $120,000
Address 422 Ben Ave
Lilburn, GA 30047

3 BR / 2 BA 		1708 Sq. Ft.
Last Sold On: 05/31/2012

Sales Price: $118,000

 

Basic Purchase Information
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Purchase Price $
Down Payment (%) $
Equity at Purchase $

Cash at Closing
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Down Payment (%) $
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Total Cash Required
at Closing *		 $
* This total does not include potential
escrow reserves for taxes & insurance

Mortgage Calculations
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Mortgage Payment $
Mortgage Payment (Yearly) $

Financial Performance Summary
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Total Equity at Year 5 $
Projected Monthly Cash Flow $

Assumptions for Calculations (Annual)
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Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
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Closing Costs (Purchase) (%)
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Cash Flow and Equity Accumulation
CASH-FLOW MONTHLY YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
Vacancy Allowance
Total Operating Income
Property Taxes
Insurance
Homeowners Association
Maintenance Reserve
Property Management
minus Total Operating Expenses
Net Operating Income
minus Mortgage Expense
GROSS CASH FLOW
Plus Principle Paydown
Plus Yearly Appreciation
EFFECTIVE NET CASH FLOW
 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
(Mortgage Balance)
EQUITY (WEALTH)
 
TAX BENEFIT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest

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