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

4002 Laurel Bend Drive Snellville, GA 30039

4 Beds 3 Baths 2,984 sqft Built 2005

$275,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $92.16
  • 7 Days on Market
  • MLS # : 6835128
  • Updated Date : 02/06/2021 at 11:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,984 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Just move on in and enjoy! This gorgeous open floorplan home with private master on main has been completely updated. New granite counter top, new appliances, new vanities, new carpet and LVL planking. Even though floor plan is open, you still have space to spread out and hide like the finished room in the basement. Back yard is fenced in. The lot is huge and runs all the way past the stream. Lots of usable space down below.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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
Anderson-livsey Elementary School Primary Regular 822 53 5
Shiloh Middle School Middle Regular 1,844 112 6
Shiloh High School High Regular 2,238 126 4

Anderson-livsey Elementary School

  • Education Level: Primary
  • # of students: 822
  • # of teachers: 53
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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$955
Property Tax -$350
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$291

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.

$275,000

PROJECTED PRICE

$1,800

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$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$35,995

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,955

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8004$1,9755$2,020
$2,020
RENT COMPS ANALYSIS
  • 4002 Laurel Bend Drive Snellville, GA 3
    • 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.60
    •  
  • 4210 Camaron Way Snellville, GA 1
    • 5 beds 3 baths ∙ 3,151 Sqft ∙ Built 1987 5 beds 3 baths ∙ 3,151 Sqft ∙ Built 1987
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.56
    •  
  • 4028 Brumby Way Snellville, GA 2
    • 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2005
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
  • 4142 Laurel Bend Court Snellville, GA 4
    • 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2002
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.68
    •  
  • 4047 Shoreside Circle Snellville, GA 5
    • 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2003
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.73
    •  
PROPERTY LISTING DETAILS
Alison Crawford
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6835128
Last Updated: 02/06/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

BESbswy