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 1981
- Price/Sqft : $99.40
- 7 Days on Market
- MLS # : 6831047
- Updated Date : 01/22/2021 at 16:06
CONSTRUCTION
- Beds : 4
- Floor Size : 2,012 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Awesome Affordable Tudor inspired home in sought-after Snellville! 4 Bedrooms and 2.5 bathrooms gives plenty of space for a growing family. This home is ready for its new owner to give it the TLC it needs or remodel it for a totally new look! It has great bones and it is in a great location, very close to the avenues. Professional photos coming Friday evening. Showings will begin at 9am on Saturday January 23rd. This one will go fast so be sure not to miss out! This home is being sold as is.
SEE MORE
- 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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
* 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 | $1,400 |
| EXPENSES | Loan Payment | -$695 |
| Property Tax | -$214 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$306
|
||
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.
$199,990
PROJECTED PRICE
$1,400
PROJECTED RENT
0.70%
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
$58,747
LOAN DETAILS
$695
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $49,998 |
| Loan Amount | $149,993 |
11.58
YEARS SAVED
$36,316
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,524
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
2075 Skyland Glen Dr Snellville, GA 1
- 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $1,400
- $0.70
-
3310 Summit Place Drive Loganville, GA 2
- 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 1995
![property image]()
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,450
- $0.76
-
1994 Rockdale Circle Snellville, GA 3
- 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1988
![property image]()
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,500
- $0.75
-
3086 Hidden Forest Drive Snellville, GA 4
- 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 1974
![property image]()
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,545
- $0.76
-
1948 Walden Park Drive Snellville, GA 5
- 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 1993
![property image]()
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,550
- $0.76
PROPERTY LISTING DETAILS
1.470.345.1668
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6831047
Last Updated: 01/22/2021
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.
