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4248 Wellington Hills Lane Snellville, GA 30039

4 Beds 2 Baths 2,101 sqft Built 1976

$249,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $118.94
  • 4 Days on Market
  • MLS # : 6815435
  • Updated Date : 12/04/2020 at 12:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,101 sqft
  • Baths : 2 full
Listing Agent's Description

MOVE IN READY! FABULOUS 2020 remodeled home ready for you! This newly updated home boasts 3 bedrooms on main w/2 NEW bathrooms w/granite/new toilets. Head upstairs to an oversized bedroom/office/entertainment/art room! Kitchen completely overhauled-NEW SS Appliances, subway tile backsplash, granite countertops, painted cabinets! The list goes on...Gorgeous NEW ceiling beams in family room w/cozy fireplace. All NEW floorings spans the entire home! You won't want to miss this beauty!! NEW ROOF, new paint inside & out! HVAC replaced 2018.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$922
Property Tax -$318
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$33

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.

$249,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$14,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,481

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4603$1,550
$1,550
RENT COMPS ANALYSIS
  • 4248 Wellington Hills Lane Snellville, GA 2
    • 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.69
    •  
  • 4091 Whispering Forest Court Sw Lilburn, GA 1
    • 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 1975
    LEASED 06/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.70
    •  
  • 4143 Wellington Hills Lane Snellville, GA 3
    • 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1972
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.71
    •  
PROPERTY LISTING DETAILS
Shannon Brabner
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815435
Last Updated: 12/04/2020
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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