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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $116.16
- 3 Days on Market
- MLS # : 6842340
- Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,980 sqft
- Baths : 2 full
Listing Agent's Description
HURRY, LOW INVENTORY IN THE AREA AT THIS PRICE POINT. **HOME IS A 4 BEDROOM 2 BATH** Move in ready home with an open floor plan perfect for entertaining. Home features include separate Dining Room, Laundry Room, Generously sized Owner's Suite, Eat-in Kitchen, two car Garage, High Ceilings, and Bonus unfinished Attic space. Other features include Luxury Laminate floor, new carpet in Bedrooms, Fresh Paint, New Fixtures, Stainless steel appliances and more.
SEE MORE
- 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: 30039
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30039
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$293 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$384
|
||
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.
$230,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,700
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
12.17
YEARS SAVED
$44,095
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,634
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
3450 Glen Summit Lane Snellville, GA 3
- 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,660
- $0.84
-
4592 Era Trace Snellville, GA 1
- 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,687 Sqft ∙ Built 2001
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,449
- $0.86
-
4445 Millenium View Court Snellville, GA 2
- 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2002
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,525
- $0.75
-
4350 Millenium View Court Snellville, GA 4
- 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2002
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,725
- $0.84
-
4387 Wheaton Way Snellville, GA 5
- 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1998
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,825
- $0.85
PROPERTY LISTING DETAILS
1.000.000.0000
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842340
Last Updated: 02/20/2021
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.
