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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $137.25
- 7 Days on Market
- MLS # : 6826984
- Updated Date : 01/13/2021 at 08:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,675 sqft
- Baths : 2 full
Listing Agent's Description
Live in this wonderful ranch with a partial basement as you give it the TLC it needs, or remodel it for a totally new look! It has great bones! The roof is approximately 3 years old, and the garage door is new! Beautiful tile work in both bathrooms! Kitchen is open to the great room and has heart of pine flooring! Beautiful wooded flat lot with a nice deck in the back yard!! Grayson school district!! This home is being sold “as is”. Don’t miss out! This won’t last long!
SEE MORE
- #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).
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- #1 World’s Busiest Airport(Airports Council International, 2018)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 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 | $1,430 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$241 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$212
|
||
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.
$229,900
PROJECTED PRICE
$1,430
PROJECTED RENT
0.62%
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
$66,674
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
8.75
YEARS SAVED
$27,735
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,449
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
1874 Windburn Court Snellville, GA 2
- 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,430
- $0.85
-
1904 North Road Snellville, GA 1
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1977
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,250
- $0.89
-
1964 North Road Snellville, GA 3
- 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1973
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,500
- $0.82
-
2183 Timber Lane Snellville, GA 4
- 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1969
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
2041 Hutton Drive Grayson, GA 5
- 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 1986
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,565
- $0.87
PROPERTY LISTING DETAILS
1.770.294.7394
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6826984
Last Updated: 01/13/2021
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. © 2017 First Multiple Listing Service, Inc.
