Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

166 Chamberlyn Lane Hiram, GA 30141

5 Beds 4 Baths 2,939 sqft Built 2004

$325,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $110.58
  • 3 Days on Market
  • MLS # : 6851738
  • Updated Date : 03/13/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,939 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Welcome home to this PRISTINE decorated home in sought after swim tennis neighborhood. This home is completely updated, new roof, new Hvac/Furnaces, granite in kitchen, new SS appliances, new TREX deck. New paint, New gutters with guards. Kitchen is lovely overlooking the family room. 3 Bedrooms upstairs, updated bathrooms, new ceiling fans, new hardware!!!! The basement is finished with 2 bedrooms, 1 full bath and a great media area to enjoy a family night. The backyard is a lovely flat yard with a private wood fence, great for pets.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,129
Property Tax -$287
Property Insurance -$84
HOA -$35
Property Management Fees -$119
CASH FLOW
$76

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.

$325,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.53%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$18,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,822

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7303$1,9804$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 166 Chamberlyn Lane Hiram, GA 2
    • 5 beds 4 baths ∙ 2,939 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,939 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.59
    •  
  • 297 Horseshoe Lane Hiram, GA 1
    • 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2006
    property image
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.55
    •  
  • 294 Poplar Farms Drive Hiram, GA 3
    • 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2006
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.65
    •  
  • 444 Poplar Farms Drive Hiram, GA 4
    • 4 beds 3 baths ∙ 3,132 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,132 Sqft ∙ Built 2008
    property image
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.64
    •  
  • 4175 Defoors Farm Drive Powder Springs, GA 5
    • 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2005
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.64
    •  
PROPERTY LISTING DETAILS
Monique Tetreault
1.678.382.3424
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6851738
Last Updated: 03/13/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

BESbswy