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$479,900

Under Contract
3750 Cannonwolde Dr, Snellville, GA 30039
4 Beds
0 Baths
2,950 Square Feet
0.00 Acres Lot
Built in 1993
Under Contract
Units n/a
Checked: 13 hours ago
Updated: Jul 02, 2025 at 03:46AM

Investment Summary


Monthly Cash Flow
-$830
Cap Rate
4.1%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.7%

Property Description


0.00 Acres Lot
Built in 1993
Under Contract
Units n/a

Welcome to this beautifully maintained, custom-built 3-bedroom, 3-bath home, nestled on a one-acre beautiful wooded lot in highly sought-after Cannonwolde - a peaceful neighborhood offering tennis amenities and a convenient location. Lovingly maintained by its original owner, this property combines quality craftsmanship with thoughtful design and modern upgrades. Recent improvements include fresh interior and exterior paint, upgraded exterior decking, refreshed landscaping, new carpet, and a new mini-split AC in the upstairs bonus room. Step inside the welcoming foyer and take in the bright, open living spaces and the private, fully fenced backyard. Gorgeous hardwood floors, soaring ceilings, elegant archways, custom trim, and abundant natural light create an inviting ambiance - perfect for entertaining or everyday living. When it's time to relax, cozy up by the fireplace or sip your favorite beverage on the back porch while enjoying views of your tranquil, tree-lined lot. The owner's suite features custom dual closets, dual vanities, a soaking tub, separate shower, and private water closet. French doors lead to a private office that also connects to the foyer. Two additional bedrooms on the opposite wing of the home share a full hall bath, providing privacy and flexibility. The well-appointed kitchen boasts stained cabinetry, granite countertops, a Bosch wall oven, KitchenAid gas cooktop, and plenty of storage. The attached two-car garage on the main level offers easy access to the kitchen for added convenience. Upstairs, a large bonus room with new carpet and AC provides versatile space - ideal for guests, a playroom, home gym, or additional storage. Downstairs, you'll find an expansive finished area with a full bath and flexible options: create a second great room, guest suite, bedroom, or playroom. A large unfinished basement with its own driveway and garage offers the perfect setup for a workshop or future living space expansion. A storage building in the back of the property adds additional space to store gardening and lawn equipment. Additional highlights include custom drapery, upgraded closets in the primary suite, and thoughtful storage throughout. Cannonwolde offers a peaceful setting just minutes from shopping, dining, and commuter routes - blending privacy with convenience. Don't miss your chance to own this stunning property on a full acre in one of the area's most desirable neighborhoods. Schedule your private showing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Basement, Garage, Garage Door Opener, Kitchen Level, Storage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Concrete, Exterior Entry, Full, Interior Entry, Unfinished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Type: Gable or Hip
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: R6016085
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1993

Tax Information

  • Annual Tax: $1,165

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Gwinnett

Listing Details


Listed by:
Deandra Bailey
Southern Classic Realtors
(678) 635-8877

Source:
Georgia MLS
MLS#: 10540721
Georgia MLS

Investment Summary


Monthly Cash Flow
-$830
Cap Rate
4.1%
Cash-on-Cash Return
-9.0%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.7%

Purchase Details

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Purchase price:
$479,900
Amount financed:
-$383,920
Down payment:
$95,980
Closing costs:
$14,397
Rehab costs:
$0
Initial cash invested:
$110,377
Square feet:
2,950
Cost per square foot:
$163
Monthly rent per square foot:
$0.85

Financing Details

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Loan amount:
$383,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,458
Property tax:
$97
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,730

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$97-$1,165
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$722-$8,665

Cash Flow


Monthly Yearly
Net operating income:
$1,628 $19,536
Mortgage payments:
-$2,458 -$29,496
Cash flow:
$830 $9,960