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1577 Kimberly Place Canton, GA 30114

4 Beds 2 Baths 1,909 sqft Built 1993

$225,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $117.86
  • 2 Days on Market
  • MLS # : 6837626
  • Updated Date : 02/14/2021 at 00:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent's Description

MUST SELL this Spacious Traditional House! This 3 bedroom home is located in sought after a well-maintained subdivision! Great room with stacked stone fireplace, dining room, master on main, lower level perfect for a family room, playroom, rec. room, home office or additional bedroom.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Holly Springs Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $99k321k

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

Neighborhood: Holly Springs Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9442009

* 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
Sixes Elementary School Primary Regular 792 45 8
Freedom Middle School Middle Regular 1,119 65 9
Woodstock High School High Regular 2,179 111 8

Sixes Elementary School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 45
8
GreatSchools Rating

Freedom Middle School

  • Education Level: Middle
  • # of students: 1,119
  • # of teachers: 65
9
GreatSchools Rating

Woodstock High School

  • Education Level: High
  • # of students: 2,179
  • # of teachers: 111
8
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$782
Property Tax -$218
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$428

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.

$225,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.6%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$49,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,713

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,6204$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 1577 Kimberly Place Canton, GA 2
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.84
    •  
  • 140 Holly Mill Village Drive Canton, GA 1
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2004
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 103 Drury Lane Canton, GA 3
    • 3 beds 1 baths ∙ 1,874 Sqft ∙ Built 2001 3 beds 1 baths ∙ 1,874 Sqft ∙ Built 2001
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.86
    •  
  • 125 Holly Mill Village Drive Canton, GA 4
    • 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 2002
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 219 Manous Way Canton, GA 5
    • 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2013
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Roxanne Sellers
1.000.000.0000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6837626
Last Updated: 02/14/2021
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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