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4177 Wellington Hills Lane Snellville, GA 30039

5 Beds 3 Baths 2,982 sqft Built 1972

$285,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $95.57
  • 2 Days on Market
  • MLS # : 6913778
  • Updated Date : 07/13/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,982 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Don't miss the opportunity to call this cozy, well-maintained 4-sided brick home yours! Equipped with 5 bedrooms and 2.5 baths, this home offers plenty of space including a formal living and dining room, family room and additional flex space in the basement perfect for a home gym, theater, office, and or future expansion project! Kitchen contains granite countertops and stainless-steel appliances. Enjoy the private back yard perfect for entertaining! This house affords much potential, do not miss out!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #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)

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
Shiloh Elementary School Primary Regular 720 51 9
Shiloh Middle School Middle Regular 1,844 112 6
Shiloh High School High Regular 2,238 126 4

Shiloh Elementary School

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 51
9
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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$990
Property Tax -$325
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$441

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.

$285,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.69%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$52,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,908

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8003$1,9504$1,960
$1,960
RENT COMPS ANALYSIS
  • 4177 Wellington Hills Lane Snellville, GA 4
    • 5 beds 3 baths ∙ 2,982 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,982 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.66
    •  
  • 4196 Jami Lane Snellville, GA 1
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 1983
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.62
    •  
  • 4063 Deerbrook Way Sw Lilburn, GA 2
    • 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,687 Sqft ∙ Built 1981
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.67
    •  
  • 4052 Deerbrook Way Sw Lilburn, GA 3
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 1981 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 1981
    LEASED 06/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.63
    •  
PROPERTY LISTING DETAILS
Lewis Robinson
1.404.772.3576
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6913778
Last Updated: 07/13/2021
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.

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