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3105 Everson Court Snellville, GA 30039

4 Beds 3 Baths 1,696 sqft Built 1986

$209,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $123.76
  • 11 Days on Market
  • MLS # : 6830973
  • Updated Date : 01/22/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,696 sqft
  • Baths : 3 full
Listing Agent's Description

MOVE IN READY AT A GREAT PRICE! Largest floor plan in the neighborhood! HUGE, OPEN floorplan. Kitchen entails SPARKLING NEW stone counter tops, SS appliances, backsplash & floors. FRESHLY INSTALLED tiles throughout living room, kitchen & ALL bathrooms. ALL bathrooms have UP-TO-DATE vanities & tile. GORGEOUS master bath is FULLY RENOVATED from top to bottom with additional his & hers closets added. FULLY FINISHED basement with exterior entry & has a SIGNIFICANT amount of space along with a FULL bathroom.

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)
  • #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)

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
Centerville Elementary School Primary Regular 741 47 5
Shiloh Middle School Middle Regular 1,844 112 6
Shiloh High School High Regular 2,238 126 4

Centerville Elementary School

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 47
5
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
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$729
Property Tax -$267
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
$265

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.

$209,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.69%

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$900k

PROJECTED ANNUAL CASH FLOW

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

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$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$32,024

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,386

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,345
1$1,3452$1,3493$1,3504$1,4405$1,550
$1,550
RENT COMPS ANALYSIS
  • 3105 Everson Court Snellville, GA 4
    • 4 beds 3 baths ∙ 1,696 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,696 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.85
    •  
  • 3524 Exeter Court Snellville, GA 1
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1975
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
  • 3800 Menloe Way Snellville, GA 2
    • 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
    •  
  • 3319 Mansfield Lane Snellville, GA 3
    • 4 beds 2 baths ∙ 1,583 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,583 Sqft ∙ Built 1985
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 2985 Glynn Mill Court Snellville, GA 5
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1987
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
PROPERTY LISTING DETAILS
Kevin Dinh
1.678.818.5249
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830973
Last Updated: 01/22/2021
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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