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130 N Mount Carmel Road N Hampton, GA 30228

3 Beds 2 Baths 2,876 sqft Built 1992

$299,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $104.28
  • 97 Days on Market
  • MLS # : 6795990
  • Updated Date : 01/13/2021 at 11:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,876 sqft
  • Baths : 2 full
Listing Agent's Description

Beautiful 3 bedroom 2 bathroom ranch style home, just in need of your TLC. Perfect single family home with a FULL unfinished basement with garage access that can be used to your needs. acreage 4.15 acres of Land!! Look no further!! Only 25 minutes away from ATL Airport, 5 minutes from the Henry Town Centre shopping center, & just minutes away from Dutchtown!

SEE MORE

MARKET HIGHLIGHTS

  • #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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30228

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30228

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Dutchtown Elementary School Primary Regular 697 45 6
Dutchtown Middle School Middle Regular 1,036 59 6
Dutchtown High School High Regular 1,498 84 6

Dutchtown Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 45
6
GreatSchools Rating

Dutchtown Middle School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 59
6
GreatSchools Rating

Dutchtown High School

  • Education Level: High
  • # of students: 1,498
  • # of teachers: 84
6
GreatSchools Rating
 

$269,910$329,890$299,900

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 -$1,042
Property Tax -$431
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$190

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.

$299,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.0%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$957

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
  • $0.9

    LIST RENT PER SQFT
  • $1,591

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4603$1,4954$1,750
$1,750
RENT COMPS ANALYSIS
  • 130 N Mount Caramel Road N Hampton, GA 2
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.90
    •  
  • 149 Brentwood Way Stockbridge, GA 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1994
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.92
    •  
  • 499 Mount Olive Road Stockbridge, GA 3
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1988
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 1267 Mount Carmel Road Mcdonough, GA 4
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 1984
    property image
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Carlos Colon
1.770.314.1285
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6795990
Last Updated: 01/13/2021
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. © 2017 First Multiple Listing Service, Inc.

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