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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $114.38
- 2 Days on Market
- MLS # : 6825987
- Updated Date : 01/09/2021 at 07:40
CONSTRUCTION
- Beds : 3
- Floor Size : 2,142 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
UPDATED BRICK FRONT HOME *BROOKWOOD SCHOOL CLUSTER *BRAND NEW HVAC *REFINISHED HARDWOOD FLOORS THROUGHOUT *UPGRADED LED LIGHTING THROUGHOUT *KITCHEN UPDATED WITH NEW GRANITE COUNTERS, NEW SINK AND NEW TILED BACKSPLASH, STAINLESS STEEL APPLIANCES AND WHITE CABINETRY *LARGE BREAKFAST ROOM *WALK-IN PANTRY WITH BUILT-IN STORAGE AND BARN DOOR *FIRESIDE FAMILY ROOM *FORMAL DINING ROOM *UPPER LEVEL OWNER'S SUITE *RENOVATED MASTER BATHROOM WITH NEW TILE FLOORING, NEW GRANITE TOP, DOUBLE SINK VANITY, TILED SHOWER WITH FRAMELESS SHOWER DOOR *2 SECONDARY BEDROOMS AND RENOVATED
SEE MORE
- #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)
- Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
- #1 Moving Destination in the Nation (Penske, 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 | $1,480 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$312 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$129
|
||
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.
$245,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.60%
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
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
6.5
YEARS SAVED
$18,861
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,505
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
3551 Birchwood Trail Snellville, GA 2
- 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,480
- $0.69
-
2379 Tullamore Circle Snellville, GA 1
- 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,972 Sqft ∙ Built 2004
![property image]()
LEASED 12/05/20- Rent
- Rent Per SQFT
- $1,275
- $0.65
-
3958 Cotswold Drive Sw Lilburn, GA 3
- 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1983
![property image]()
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,499
- $0.65
-
4143 Wellington Hills Lane Snellville, GA 4
- 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1972
![property image]()
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,550
- $0.71
-
3877 Summer Kitchen Way Lilburn, GA 5
- 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 2003
![property image]()
LEASED 11/02/19- Rent
- Rent Per SQFT
- $1,740
- $0.80
PROPERTY LISTING DETAILS
1.770.905.6781
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6825987
Last Updated: 01/09/2021
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. © 2017 First Multiple Listing Service, Inc.
