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1355 Nw Hamilton Road Nw Kennesaw, GA 30152

3 Beds 3 Baths 1,928 sqft Built 1979

$379,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $197.04
  • 1 Days on Market
  • MLS # : 6785056
  • Updated Date : 11/03/2020 at 01:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,928 sqft
  • Baths : 3 full
Listing Agent's Description

Awesome School District, Acreage, Convenience and Privacy! This beautifully maintained ranch style home provides desirable one level living with a full finished basement. The property’s extended driveway and parking area allows ample space for RV’s and any additional vehicles. This move-in ready home has been meticulously maintained and updated – the pictures speak for themselves.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30152

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30152

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9192009

* 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
Bullard Elementary School Primary Regular 921 62 7
Mcclure Middle School Middle Regular 1,119 64 8
Harrison High School High Regular 1,947 99 9

Bullard Elementary School

  • Education Level: Primary
  • # of students: 921
  • # of teachers: 62
7
GreatSchools Rating

Mcclure Middle School

  • Education Level: Middle
  • # of students: 1,119
  • # of teachers: 64
8
GreatSchools Rating

Harrison High School

  • Education Level: High
  • # of students: 1,947
  • # of teachers: 99
9
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,402
Property Tax -$336
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$111

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.

$379,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,460

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6003$1,6004$1,6255$1,810
$1,810
RENT COMPS ANALYSIS
  • 1355 Nw Hamilton Road Nw Kennesaw, GA 5
    • 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.94
    •  
  • 1138 Kettle Court Nw Kennesaw, GA 1
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1977
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 3860 Stilesboro Road Nw Kennesaw, GA 2
    • 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 1964
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 4074 Stephanie Court Nw Kennesaw, GA 3
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 1985
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 1933 Cobblewood Drive Kennesaw, GA 4
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 1997
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.75
    •  
PROPERTY LISTING DETAILS
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6785056
Last Updated: 11/03/2020
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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