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

80 Snapping Shoals Road Mcdonough, GA 30252

3 Beds 2 Baths 1,790 sqft Built 1999

$265,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $148.04
  • 12 Days on Market
  • MLS # : 6909549
  • Updated Date : 07/13/2021 at 10:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,790 sqft
  • Baths : 2 full
Listing Agent's Description

Newly remodeled, move-in ready, ranch home located less than a mile from all Ola Schools. This property offers 1,790 square feet of living space that are complimented by 3 spacious bedrooms, 2 full baths with a 400 sq ft bonus room that can be turned into an office. Your family and loved ones will enjoy the spacious backyard that is perfect for family gatherings! You'll also appreciate the natural lights that this home has to offer. Updated with a new architectural shingle roof and gutters. In addition to that, the home comes with a new 50 gal hot water heater.

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: 30252

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k220k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30252

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9731556

* 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
Ola Elementary School Primary Regular 869 57 7
Ola Middle School Middle Regular 1,160 67 8
Ola High School High Regular 1,560 91 8

Ola Elementary School

  • Education Level: Primary
  • # of students: 869
  • # of teachers: 57
7
GreatSchools Rating

Ola Middle School

  • Education Level: Middle
  • # of students: 1,160
  • # of teachers: 67
8
GreatSchools Rating

Ola High School

  • Education Level: High
  • # of students: 1,560
  • # of teachers: 91
8
GreatSchools Rating
 

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

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$920
Property Tax -$306
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$263

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

$1,670

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 5.7%
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$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$100k$200k$300k$400k$500k$600k$700k

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$33,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,862

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,735
$1,735
RENT COMPS ANALYSIS
  • 80 Snapping Shoals Road Mcdonough, GA 1
    • 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.93
    •  
  • 40 Stallsworth Road Mcdonough, GA 2
    • 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 1999
    LEASED 03/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jeff Murray
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6909549
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.

BESbswy