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2794 Calumet Farm Lane Snellville, GA 30039

4 Beds 3 Baths 2,433 sqft Built 1999

$259,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $106.82
  • 3 Days on Market
  • MLS # : 6825821
  • Updated Date : 01/09/2021 at 15:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,433 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Four Bedroom 2 1/2 Bath brick front traditional home. Vacant and move in ready with new carpet, paint, and flooring. Hardwoods on the main level, stainless steel appliances in kitchen. Close to the new Amazon facility.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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: 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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$903
Property Tax -$331
Property Insurance -$74
HOA -$12
Property Management Fees -$119
CASH FLOW
$261

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.

$259,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.65%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$32,333

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,496

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,5253$1,5954$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 2794 Calumet Farm Lane Snellville, GA 5
    • 4 beds 4 baths ∙ 2,433 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,433 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.70
    •  
  • 3826 Etna Drive Snellville, GA 1
    • 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,527 Sqft ∙ Built 1985
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.57
    •  
  • 3191 Mineral Ridge Lane Stone Mountain, GA 2
    • 5 beds 3 baths ∙ 2,343 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,343 Sqft ∙ Built 2002
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.65
    •  
  • 4659 Ferncroft Court Ne Lilburn, GA 3
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1997
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.62
    •  
  • 4196 Jami Lane Snellville, GA 4
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1983
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.62
    •  
PROPERTY LISTING DETAILS
Lori Hulsman
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825821
Last Updated: 01/09/2021
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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