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3542 Tewksbury Drive Snellville, GA 30039

4 Beds 2 Baths 1,500 sqft Built 1975

INVESTimate

$174,900

List Price

$1,250

$1,125 - $1,375

Rent Est.

$190,326  ( +8.82%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $116.60
  • 6 Days on Market
  • MLS # : 6770678
  • Updated Date : 08/22/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent's Description

Tons of room in this lovely & renovated split level home in Snellville. 3 Bedrooms and 3 Baths and one large bedroom in the basement. Nice hardwood floors, great sized backyard with full feck. Shiloh HS district.

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: 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
 

$157,410$192,390$174,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$645
Property Tax -$223
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$207

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.

$174,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.82%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,099

INVESTMENT

$52,099

Down Payment
$43,725
Rehab Estimate
$5,750
Closing Costs
$2,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,725
Loan Amount $131,175
See What Happens When You Reinvest Cash Flow

9.75

YEARS SAVED

$28,932

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,234

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3453$1,3494$1,3505$1,450
$1,450
RENT COMPS ANALYSIS
  • 3542 Tewksbury Drive Snellville, 1
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.83
    •  
  • 3524 Exeter Court Snellville, 2
    • 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, 3
    • 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, 4
    • 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
    •  
  • 3501 Quail Hollow Trail Snellville, 5
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1987
    LEASED 03/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
PROPERTY LISTING DETAILS
Cleve M Gaddis
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6770678
Last Updated: 08/22/2020
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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