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 1977
- Price/Sqft : $136.31
- 4 Days on Market
- MLS # : 6813035
- Updated Date : 12/04/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,680 sqft
- Baths : 2 full
Listing Agent's Description
Come see this super Cute 4 side brick RANCH in NO HOA neighborhood. Brightly lit rooms, hardwood floors & new interior paint. Updated kitchen w/ granite countertops & stainless appliances. Awesome primary bedroom w/ shiplap accent wall, walk-in closet & updated bathroom w/ decorator lighting. Secondary bedrooms are well sized w/ access to jack & Jill bath. Flat, fenced yard & large storage ; shed. New double pane windows, new carpet in bedrooms and new garage door opener. Recently added carport perfect for boat or additional vehicle! Close to schools, parks & shopping.
SEE MORE
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- 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 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 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)
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 | $1,310 |
| EXPENSES | Loan Payment | -$845 |
| Property Tax | -$240 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$46
|
||
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.
$229,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.57%
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
$66,435
LOAN DETAILS
$845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
5.42
YEARS SAVED
$15,303
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,420
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2396 Hidden Lane Snellville, GA 1
- 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,310
- $0.78
-
3490 Andrea Lee Court Snellville, GA 2
- 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1986
LEASED 10/24/19- Rent
- Rent Per SQFT
- $1,375
- $0.86
-
2054 Skyland Glen Drive Snellville, GA 3
- 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1982
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,400
- $0.90
-
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
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,545
- $0.76
-
2021 Buckley Trail Snellville, GA 5
- 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1988
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,595
- $0.86
PROPERTY LISTING DETAILS
1.770.634.3336
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813035
Last Updated: 12/04/2020
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.
