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1435 Holly Lake Circle Snellville, GA 30078

5 Beds 4 Baths 2,756 sqft Built 1992

$335,500

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $121.73
  • 3 Days on Market
  • MLS # : 6811258
  • Updated Date : 11/21/2020 at 08:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,756 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

This home will not disappoint! Located in the heart of the Brookwood cluster of the Gwinnett county school district. Well established swim/tennis community. The owner has taken meticulous care of all details. Great your friends and family on the rocking chair front porch. As you enter you are greeted with a formal living room on the right and a formal dining room on the left. Spacious family room and kitchen overlook a well manicured backyard. Upstairs hosts a generous owner's suite plus 3 secondary bedrooms and another full bath.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Zip Code: 30078

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200kPrice in $103k209k

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

Zip Code: 30078

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9671564

* 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
Brookwood Elementary School Primary Regular 1,120 74 9
Alton C. Crews Middle School Middle Regular 1,272 77 8
Brookwood High School High Regular 3,424 172 9

Brookwood Elementary School

  • Education Level: Primary
  • # of students: 1,120
  • # of teachers: 74
9
GreatSchools Rating

Alton C. Crews Middle School

  • Education Level: Middle
  • # of students: 1,272
  • # of teachers: 77
8
GreatSchools Rating

Brookwood High School

  • Education Level: High
  • # of students: 3,424
  • # of teachers: 172
9
GreatSchools Rating
 

$301,950$369,050$335,500

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,238
Property Tax -$352
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$51

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.

$335,500

PROJECTED PRICE

$1,840

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$0.0$5.0k$10k$15k

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$94,658

INVESTMENT

$94,658

Down Payment
$83,875
Rehab Estimate
$5,750
Closing Costs
$5,033

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,238

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,875
Loan Amount $251,625
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$20,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,819

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8403$1,9504$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1435 Holly Lake Circle Snellville, GA 2
    • 5 beds 4 baths ∙ 2,756 Sqft ∙ Built 1992 5 beds 4 baths ∙ 2,756 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.67
    •  
  • 1819 Mornington Lane Snellville, GA 1
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1972
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.61
    •  
  • 1428 Apple Orchard Lane Snellville, GA 3
    • 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2005
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.66
    •  
  • 1670 Hickory Lake Drive Snellville, GA 4
    • 5 beds 3 baths ∙ 3,066 Sqft ∙ Built 1987 5 beds 3 baths ∙ 3,066 Sqft ∙ Built 1987
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.65
    •  
  • 1235 Runnelwood Trail Snellville, GA 5
    • 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2000
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
PROPERTY LISTING DETAILS
Kathy Coots
1.770.654.8972
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811258
Last Updated: 11/21/2020
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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