Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3551 Birchwood Trail Snellville, GA 30078

3 Beds 3 Baths 2,142 sqft Built 1984

$245,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200kPrice in $103k209k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30078

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9671564

* 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
Head Elementary School Primary Regular 545 37 8
Five Forks Middle School Middle Regular 1,065 61 9
Brookwood High School High Regular 3,424 172 9

Head Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 37
8
GreatSchools Rating

Five Forks Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 61
9
GreatSchools Rating

Brookwood High School

  • Education Level: High
  • # of students: 3,424
  • # of teachers: 172
9
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

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
$1,275
1$1,2752$1,4803$1,4994$1,5505$1,740
$1,740
RENT COMPS ANALYSIS
  • 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
Tracy Cousineau Advisors
1.770.905.6781
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825987
Last Updated: 01/09/2021
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. © 2017 First Multiple Listing Service, Inc.

BESbswy