505 Oak Springs Dr – Lawrenceville GA Assigned

  • $298,700
  • 4 beds
  • 2.5 baths
  • 2,139 sqft

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Wholesale Investment Property 

All Properties are normally sold within 14 days from the date listed. Please check the status of the unit with us before beginning research on properties older than 14 days.

This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.

This property is available for purchase only with Cash, Hard Money, or Private Money.

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505 Oak Springs Dr, Lawrenceville, GA 30043

This property can work as a Fix/Flip OR a Rental

FYI: To maximize the rental property to meet the projected cash flow numbers below, you will need to file a variance to register the property as a two-family. The current owner was renting it out as a two-family, but it is currently registered as a single-family.


Wholesale Price: $298,700
Rehab Cost:   $60,000 
After Repair Value: $460,790 
Projected Profit: $68,166

Buy and Hold

Potential Yearly Net Cash Flow: $37,412
Cap Rate: 10.02 %

Property Information

Building Type: Single Family Home 
Beds: 3
Baths: 2.5
Property SF:  2,139
Real Estate Tax: $1,380 
Parking: Carport, Garage 

Construction Details: 

Roof: Concrete Shingles
Electric: OK
Heating: Forced Air 
Plumbing:  Copper
Laundry: yes
Sewer: On Site Septic
Water: Well
Zoning: Residential

Projected Financials:
The following pro-forma is based on stabilized property occupancy. Expenses and profits were derived from market research.

Fix and Flip

Investment Type                                    Cost                               

Wholesale Price                                        $298,700
Rehab Cost                                                 $60,000
Estimated closing costs                           $14,100
Estimated holding costs                          $6,000
Estimated selling costs (3% of ARV)    $13,824
Total Initial Investment:                       $392,624

Net Profit Calculation                                                                                    

Estimated After Repair Value                $460,790 
Total Estimated Investment                   $392,624

Projected Net Profit:                                  $


Buy and Hold Rental









Comparables from the MLS used to determine ARV

Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
property (mi)
412 Inwood Trl
Lawrenceville GA
439,000.00 5/18/2023 1,991 2,452 13,504 0.13
584 Oak Springs Dr
Lawrenceville GA
241,800.00 2/27/2023 1,986 1,382 18,295 0.16
509 Hearth Pl
Lawrenceville GA
320,000.00 4/14/2023 1,983 1,204 29,621 0.21
600 Sterling Pointe Ct
Lawrenceville GA
390,000.00 6/30/2023 2000 1,812 9,148 0.22
1855 Marsh Creek Dr
Lawrenceville GA
365,000.00 6/2/2023 1985 1,546 18,295 0.3
1885 Marsh Creek Dr
Lawrenceville GA
$375,000 05/19/2023 1986 1,646 20,473 0.35
Average Cost/SQFT: $217
Average Sold Price: $355,133
After Repair Value: $460,790
505 Oak Springs Dr
Lawrenceville, GA 30043
Square Feet:
Lot Size:
Assignment of Contract
Property Type:
Year Built:
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location