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106 Hickory Trail Stockbridge, GA 30281

3 Beds 3 Baths 2,480 sqft Built 1997

$275,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $110.89
  • 7 Days on Market
  • MLS # : 6832284
  • Updated Date : 01/28/2021 at 09:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,480 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Wonderful home in the Windsong Plantation. You will fall in love with this home. It features 3 bedrooms with a large bonus room, 2 story family room, separate dining room, living room and nice spacious kitchen. The backyard is wonderful for entertaining. Don't miss out on your chance to own this lovely home. Come take a look and make it yours. *Please submit all offers by 5pm Monday Feb 01, 2021*

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Windsong Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $82k247k

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

Neighborhood: Windsong Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8171884

* 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
Hickory Flat Elementary School Primary Regular 697 45 5
Eagle's Landing Middle School Middle Regular 987 55 5
Eagle's Landing High School High Regular 1,226 75 5

Hickory Flat Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 45
5
GreatSchools Rating

Eagle's Landing Middle School

  • Education Level: Middle
  • # of students: 987
  • # of teachers: 55
5
GreatSchools Rating

Eagle's Landing High School

  • Education Level: High
  • # of students: 1,226
  • # of teachers: 75
5
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$955
Property Tax -$340
Property Insurance -$75
HOA -$35
Property Management Fees -$119
CASH FLOW
$386

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

9.83

YEARS SAVED

$40,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,760
1$1,7602$1,9103$2,250
$2,250
RENT COMPS ANALYSIS
  • 106 Hickory Trail Stockbridge, GA 2
    • 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.77
    •  
  • 1309 Kent Manor Stockbridge, GA 1
    • 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2003
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.79
    •  
  • 111 Glen Eagle Way Mcdonough, GA 3
    • 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 1994
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.82
    •  
PROPERTY LISTING DETAILS
Mui Tran
1.404.932.2725
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832284
Last Updated: 01/28/2021
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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