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1614 Angham Road Hiram, GA 30141

3 Beds 2 Baths 1,092 sqft Built 1972

$175,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $160.26
  • 2 Days on Market
  • MLS # : 6830005
  • Updated Date : 02/06/2021 at 12:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,092 sqft
  • Baths : 2 full
Listing Agent's Description

Beautiful Renovation is now complete!! This home has been fully remodeled from top to bottom and is now ready for its new owner. This 3 bedroom, 2 bath ranch home is simply incredible. New windows, new electrical, new HVAC, new water heater, new flooring, freshly painted throughout, new stainless steel appliances (even the refrigerator stays!), new granite countertops, new light fixtures, bathrooms, and the list goes on and on! Don't miss out on this incredible opportunity.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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: 30141

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $87k209k

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

Zip Code: 30141

ZipNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500Rent in $9651509

* 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
Hiram Elementary School Primary Regular 654 42 5
P.b. Ritch Middle School Middle Regular NA
Hiram High School High Regular 1,636 80 5

Hiram Elementary School

  • Education Level: Primary
  • # of students: 654
  • # of teachers: 42
5
GreatSchools Rating

P.b. Ritch Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hiram High School

  • Education Level: High
  • # of students: 1,636
  • # of teachers: 80
5
GreatSchools Rating
 

$157,500$192,500$175,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$608
Property Tax -$154
Property Insurance -$48
Property Management Fees -$119
CASH FLOW
$180

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.

$175,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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

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$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$23,537

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,172

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,110
1$1,1102$1,2753$1,4454$1,450
$1,450
RENT COMPS ANALYSIS
  • 1614 Angham Road Hiram, GA 1
    • 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $1.02
    •  
  • 60 Kristie Circle Powder Springs, GA 2
    • 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1972
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.93
    •  
  • 77 Turnrow Court Hiram, GA 3
    • 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1978
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.17
    •  
  • 5760 Lakeview Drive Powder Springs, GA 4
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1972
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.12
    •  
PROPERTY LISTING DETAILS
Jordan Mcenery
1.770.856.9457
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830005
Last Updated: 02/06/2021
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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