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1076 Hidden Brook Trail Atlanta, GA 30349

4 Beds 3 Baths 2,211 sqft Built 2000

$172,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $77.79
  • 2 Days on Market
  • MLS # : 6853003
  • Updated Date : 03/13/2021 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,211 sqft
  • Baths : 3 full
Listing Agent's Description

Invest in this 4 bedroom, 3 full bath split level home. Conveniently located near Atlanta Airport and restaurants. Home will need some TLC. Home occupied by tenant. Do not disturb or walk property. Seller has not lived here in years. "No Disclosure" Sold AS-IS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171714

* 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
West Clayton Elementary School Primary Regular 508 30 4
North Clayton Middle School Middle Regular 827 45 5
North Clayton High School High Regular 886 46 2

West Clayton Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 30
4
GreatSchools Rating

North Clayton Middle School

  • Education Level: Middle
  • # of students: 827
  • # of teachers: 45
5
GreatSchools Rating

North Clayton High School

  • Education Level: High
  • # of students: 886
  • # of teachers: 46
2
GreatSchools Rating
 

$154,800$189,200$172,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$597
Property Tax -$178
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$436

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.

$172,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
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$100k$200k$300k$400k$500k$600k$700k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$51,330

INVESTMENT

$51,330

Down Payment
$43,000
Rehab Estimate
$5,750
Closing Costs
$2,580

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,000
Loan Amount $129,000
See What Happens When You Reinvest Cash Flow

14.33

YEARS SAVED

$41,015

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,481

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,4003$1,4754$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 1076 Hidden Brook Trail Atlanta, GA 2
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.63
    •  
  • 1198 Brookstone Road Atlanta, GA 1
    • 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2006
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.60
    •  
  • 1565 Tigris Court College Park, GA 3
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 2007
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.70
    •  
  • 5999 Nile Court Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2008
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 5758 Rock Shoals Way Atlanta, GA 5
    • 4 beds 4 baths ∙ 2,279 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,279 Sqft ∙ Built 1988
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.68
    •  
PROPERTY LISTING DETAILS
Bridgette Green
1.404.694.0631
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6853003
Last Updated: 03/13/2021
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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