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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $133.74
- 3 Days on Market
- MLS # : 6834006
- Updated Date : 01/30/2021 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,630 sqft
- Baths : 2 full
Listing Agent's Description
This Snellville one-story home offers a two-car garage. This home is vacant and cleaned regularly.
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
- Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (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).
- 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)
- #1 World’s Busiest Airport(Airports Council International, 2018)
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 | $1,430 |
| EXPENSES | Loan Payment | -$757 |
| Property Tax | -$229 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$267
|
||
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.
$218,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.66%
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
$63,520
LOAN DETAILS
$757
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $54,500 |
| Loan Amount | $163,500 |
10.42
YEARS SAVED
$33,549
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,434
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
2953 Williams Place Snellville, GA 2
- 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1971
![property image]()
- Rent
- Rent Per SQFT
- $1,430
- $0.88
-
2054 Skyland Glen Drive Snellville, GA 1
- 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1982
![property image]()
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,400
- $0.90
-
2183 Timber Lane Snellville, GA 3
- 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1969
![property image]()
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
2021 Buckley Trail Snellville, GA 4
- 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1988
![property image]()
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,595
- $0.86
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6834006
Last Updated: 01/30/2021
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.
