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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $104.90
- 5 Days on Market
- MLS # : 6817209
- Updated Date : 12/10/2020 at 14:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,717 sqft
- Baths : 2 full
Listing Agent's Description
Beautiful and well maintained home in the highly sought after Creekside Golf Community sitting on a half acre lot. Inside you are met with 2 story ceilings in both the foyer and living room creating an abundance of natural light. Hardwoods throughout foyer and kitchen. Master on main with 2 spacious bedrooms upstairs. The bonus room upstairs can be used as a fourth bedroom or would make a great home office.
SEE MORE
- 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
Zip Code: 30141
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30141
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$251 | |
| Property Insurance | -$80 | |
| HOA | -$42 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$307
|
||
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.
$285,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
9.58
YEARS SAVED
$46,362
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,065
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
167 Glenn Eagles Way Hiram, GA 1
- 4 beds 2 baths ∙ 2,717 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,717 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,850
- $0.68
-
397 Westchester Club Drive Hiram, GA 2
- 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 1999
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.76
PROPERTY LISTING DETAILS
1.678.618.0398
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6817209
Last Updated: 12/10/2020
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.
