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2711 Shiloh Way Snellville, GA 30039

4 Beds 3 Baths 1,808 sqft Built 1986

$211,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $117.20
  • 2 Days on Market
  • MLS # : 6811370
  • Updated Date : 11/21/2020 at 20:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,808 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Awesome Affordable Home on Over an Acre! 4 Bedrooms gives plenty of space for a growing family. Very close to shopping and restaurants. Walk to all Shiloh schools. You'll Rest easy under this 2 year old architectural shingle roof and stay cool with the newer HVAC system! New flooring throughout the house. The perfectly level yard is much larger than most in the neighborhood at 1.13 acres and will really please you in the springtime with Giant Blueberry Bushes, Japanese Maple trees, Hydrangeas, Tulips, Azaleas and Roses blooming.

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: 30039

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200kPrice in $103k209k

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

Zip Code: 30039

ZipNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9251515

* 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
Shiloh Elementary School Primary Regular 720 51 9
Shiloh Middle School Middle Regular 1,844 112 6
Shiloh High School High Regular 2,238 126 4

Shiloh Elementary School

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 51
9
GreatSchools Rating

Shiloh Middle School

  • Education Level: Middle
  • # of students: 1,844
  • # of teachers: 112
6
GreatSchools Rating

Shiloh High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 126
4
GreatSchools Rating
 

$190,710$233,090$211,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$782
Property Tax -$270
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$87

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.

$211,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,904

INVESTMENT

$61,904

Down Payment
$52,975
Rehab Estimate
$5,750
Closing Costs
$3,179

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,975
Loan Amount $158,925
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$17,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,437

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2953$1,3204$1,3495$1,350
$1,350
RENT COMPS ANALYSIS
  • 2711 Shiloh Way Snellville, GA 3
    • 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.73
    •  
  • 3610 Garnet Way Snellville, GA 1
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2000
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.77
    •  
  • 3788 September Way Snellville, GA 2
    • 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,708 Sqft ∙ Built 1985
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.76
    •  
  • 3800 Menloe Way Snellville, GA 4
    • 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,662 Sqft ∙ Built 1984
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.81
    •  
  • 3932 Tanglewood Road Snellville, GA 5
    • 5 beds 2 baths ∙ 1,605 Sqft ∙ Built 1979 5 beds 2 baths ∙ 1,605 Sqft ∙ Built 1979
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.84
    •  
PROPERTY LISTING DETAILS
Richard Clarke
1.478.494.1648
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811370
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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