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4053 Preserve Glen Way 
Snellville, GA
30039
4 Beds 3 Baths 2,400 sqft
Built 2004
INVESTimate
$230,000
List Price
$66,700
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $95.83
- 3 Days on Market
- MLS # : 6771576
- Updated Date : 08/25/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,400 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Traditional home located in sought after neighborhood in Snellville. Upgrades throughout! Freshly painted. Two story family room. Open kitchen concept. Large master bedroom w/ huge closet and master suite ft. whirlpool tub. Additional rooms ample size w/ large closet space. Two car garage. Large fenced level cul-de-sac lot.
SEE MORE
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30039
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$293 | |
| Property Insurance | -$74 | |
| HOA | -$18 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$208
|
||
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.
$230,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
8.42
YEARS SAVED
$30,062
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$1,698
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
4053 Preserve Glen Way Snellville, 4
- 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,560
- $0.65
-
4034 Waters End Lane Snellville, 1
- 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2004
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,549
- $0.75
-
4065 Waters End Lane Snellville, 2
- 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2004
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,550
- $0.73
-
4183 Arabian Way Snellville, 3
- 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2004
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,554
- $0.69
-
4250 Iris Brooke Snellville, 5
- 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1986
LEASED 02/26/19- Rent
- Rent Per SQFT
- $1,599
- $0.66
PROPERTY LISTING DETAILS
1.770.886.9000
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771576
Last Updated: 08/25/2020
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.
