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1452 Shelnut Court Hampton, GA 30228

4 Beds 3 Baths 2,907 sqft Built 2006

$218,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $74.99
  • 12 Days on Market
  • MLS # : 6810913
  • Updated Date : 11/27/2020 at 13:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,907 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful home in a beautiful neighborhood. All showings are put on hold at this time sellers are trying to resolve the situation with tenants, because of he covid-19 it has been difficult to show.

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Villages at Hampton

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Villages at Hampton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8171610

* 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
Mount Carmel Elementary School Primary Regular 604 38 5
Hampton Middle School Middle Regular 842 48 4
Hampton High School High Unknown 822 48 NA

Mount Carmel Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 38
5
GreatSchools Rating

Hampton Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 48
4
GreatSchools Rating

Hampton High School

  • Education Level: High
  • # of students: 822
  • # of teachers: 48
NA
GreatSchools Rating
 

$196,200$239,800$218,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$804
Property Tax -$251
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
$252

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.

$218,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,520

INVESTMENT

$63,520

Down Payment
$54,500
Rehab Estimate
$5,750
Closing Costs
$3,270

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,500
Loan Amount $163,500
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$30,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.52

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,5753$1,675
$1,675
RENT COMPS ANALYSIS
  • 1452 Shelnut Court Hampton, GA 1
    • 4 beds 3 baths ∙ 2,907 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,907 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.52
    •  
  • 445 Madison Avenue Hampton, GA 2
    • 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2006
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.55
    •  
  • 342 M J Mccarthy Way Hampton, GA 3
    • 5 beds 3 baths ∙ 3,100 Sqft ∙ Built 2014 5 beds 3 baths ∙ 3,100 Sqft ∙ Built 2014
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.54
    •  
PROPERTY LISTING DETAILS
Davene Brown
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6810913
Last Updated: 11/27/2020
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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