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2831 Hickory Trail Snellville, GA 30078

3 Beds 2 Baths 1,410 sqft Built 1973

$215,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $152.48
  • 2 Days on Market
  • MLS # : 6850061
  • Updated Date : 03/06/2021 at 14:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,410 sqft
  • Baths : 2 full
Listing Agent's Description

Ranch Style home sits on .57 acres with New Interior Paint, New Driveway, New Garage Doors, New Carpets, New Kitchen Cabinets and the roof is only 2 yrs old. A must-see... Near Food, Shops, and Entertainment.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30078

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200kPrice in $103k209k

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

Zip Code: 30078

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9671564

* 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
Britt Elementary School Primary Regular 585 38 6
Snellville Middle School Middle Regular 913 53 6
South Gwinnett High School High Regular 2,503 139 5

Britt Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 38
6
GreatSchools Rating

Snellville Middle School

  • Education Level: Middle
  • # of students: 913
  • # of teachers: 53
6
GreatSchools Rating

South Gwinnett High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 139
5
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$747
Property Tax -$225
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$84

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.

$215,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$15,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,251

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,3303$1,3754$1,3755$1,400
$1,400
RENT COMPS ANALYSIS
  • 2831 Hickory Trail Snellville, GA 1
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.87
    •  
  • 3437 Centerville Lane Snellville, GA 2
    • 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,520 Sqft ∙ Built 1976
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.88
    •  
  • 3490 Andrea Lee Court Snellville, GA 3
    • 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
    •  
  • 2936 Gwinnstone Circle Snellville, GA 4
    • 4 beds 2 baths ∙ 1,506 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,506 Sqft ∙ Built 1978
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
  • 2054 Skyland Glen Drive Snellville, GA 5
    • 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
    •  
PROPERTY LISTING DETAILS
Melvin Besares
1.678.994.1700
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6850061
Last Updated: 03/06/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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