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2894 Ashly Woods Court Snellville, GA 30078

4 Beds 3 Baths 2,790 sqft Built 2005

$279,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $100.00
  • 2 Days on Market
  • MLS # : 6799781
  • Updated Date : 11/07/2020 at 20:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,790 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful two story brick front home with 4BR/2.5BA located in Newtons Crest! Open floorplan with fireplace in family room. Eat in kitchen offers and ample counter space. A beautiful home featuring separate living room and dining room. Master bedroom accents vaulted ceilings and including dual vanity and soaking tub. Backyard with patio. Easy freeway access. Minutes to local schools. shopping and dining. Come view this home today!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,029
Property Tax -$293
Property Insurance -$81
HOA -$18
Property Management Fees -$119
CASH FLOW
$360

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.

$279,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.68%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$52,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,988

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7503$1,8504$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 2894 Ashly Woods Court Snellville, GA 5
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 2790 Freemont Street Snellville, GA 1
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2009
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.71
    •  
  • 2212 Turnbury Glen Walk Snellville, GA 2
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2015
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.68
    •  
  • 3151 Wildberry Run Lane Snellville, GA 3
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 2014
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.71
    •  
  • 2213 Turnbury Glen Walk Snellville, GA 4
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2014
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
PROPERTY LISTING DETAILS
Rosy Lakhani
1.770.363.7676
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6799781
Last Updated: 11/07/2020
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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