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3870 Golfe Links Drive Snellville, GA 30039

4 Beds 3 Baths 2,614 sqft Built 2000

$265,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $101.38
  • 15 Days on Market
  • MLS # : 6803409
  • Updated Date : 11/02/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,614 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

DELIGHTFUL 2-STORY HOME FEATURING 4 SPACIOUS BEDROOMS,2.5 BATHROOMS, OWNER SUITE BATH WITH DOUBLE VANITY AND SEPARATE TUB/SHOWER,LIVING AREA, SEPARATE DINING ROOM, KITCHEN WITH BREAKFAST BAR AND APPLIANCES AND A FAMILY ROOM WITH A FIREPLACE. GREAT COMMUNITY OF NEIGHBORS AND AMENITIES. THIS HOME IS ONLY MINUTES FROM GREAT SCHOOLS AND ALL THAT GWINNETT HAS TO OFFER! THIS IS A GOLF/SWIM/TENNIS COMMUNITY. SEE THIS HOME TODAY!

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
Norton Elementary School Primary Regular 1,141 73 6
Snellville Middle School Middle Regular 913 53 6
South Gwinnett High School High Regular 2,503 139 5

Norton Elementary School

  • Education Level: Primary
  • # of students: 1,141
  • # of teachers: 73
6
GreatSchools Rating

Snellville Middle School

  • Education Level: Middle
  • # of students: 913
  • # of teachers: 53
6
GreatSchools Rating

South Gwinnett High School

  • Education Level: High
  • # of students: 2,503
  • # of teachers: 139
5
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$978
Property Tax -$338
Property Insurance -$78
HOA -$42
Property Management Fees -$119
CASH FLOW
$156

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.

$265,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.65%

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$200k$400k$600k$800k$1.0M

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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$25,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,719

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7004$1,7105$1,976
$1,976
RENT COMPS ANALYSIS
  • 3870 Golfe Links Drive Snellville, GA 4
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.65
    •  
  • 2787 Kingstream Drive Snellville, GA 1
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1992
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.65
    •  
  • 3768 Broadleaf Walk Snellville, GA 2
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2013
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 3718 White Pine Road Snellville, GA 3
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2004
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 3742 Zoey Lee Drive Snellville, GA 5
    • 5 beds 3 baths ∙ 2,915 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,915 Sqft ∙ Built 2014
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,976
    • $0.68
    •  
PROPERTY LISTING DETAILS
Desiree B Tolbert
1.404.719.4788
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803409
Last Updated: 11/02/2020
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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