Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $117.21
- 3 Days on Market
- MLS # : 6841946
- Updated Date : 02/20/2021 at 16:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,551 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
DOGWOOD PLANTATION, SWIM AND TENNIS community less than 1 mile from Brookwood High school. Corner lot. Enjoy views of the 2 acre Lake from your front door! This home features 4 bedrooms 2 and a half baths, an oversized family room connected to a large sunroom! Roof replaced May 2016 and has a 25 year warranty! Nichiha cement based siding done in 2014. Repainted deck. Entire exterior repainted in September! Gutter guard gutters. Thermopane windows! Brand new granite counter tops and painted kitchen counters. Bring your personal touches and toothbrush!
SEE MORE
- 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: 30078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,039 |
| Property Tax | -$381 | |
| Property Insurance | -$76 | |
| HOA | -$49 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$266
|
||
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.
$299,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,985
LOAN DETAILS
$1,039
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
8.25
YEARS SAVED
$32,781
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,913
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
1670 Berry Lane Snellville, GA 4
- 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,930
- $0.76
-
2732 Apple Orchard Trail Snellville, GA 1
- 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2004
LEASED 11/21/19- Rent
- Rent Per SQFT
- $1,695
- $0.73
-
2049 Harbour Oaks Drive Snellville, GA 2
- 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1977
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,750
- $0.69
-
2640 Holly Springs Drive Snellville, GA 3
- 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1987
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,850
- $0.76
-
1683 Stonegate Way Snellville, GA 5
- 3 beds 2 baths ∙ 2,679 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,679 Sqft ∙ Built 1991
LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,200
- $0.82
PROPERTY LISTING DETAILS
1.678.488.8316
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6841946
Last Updated: 02/20/2021
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.
