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168 Darbys Run Drive Hiram, GA 30141

3 Beds 2 Baths 1,853 sqft Built 2006

$224,500

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $121.15
  • 3 Days on Market
  • MLS # : 6825576
  • Updated Date : 01/09/2021 at 17:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,853 sqft
  • Baths : 2 full
Listing Agent's Description

Charming turn-key 3 bedroom/2 bath home in desirable Darbys Run neighborhood! Great Paulding county location - just 1/2 mile to WellStar Paulding Hospital & Hwy 278. Inviting entryway leads into a bright open floor plan featuring newly installed vinyl plank flooring (LVP) throughout the main level and extended into the master bedroom and bathroom. Well appointed kitchen with all new appliances (refrigerator, stove, microwave, dishwasher and garbage disposal). The new granite countertops are beautifully accented by the white cabinets and brushed chrome fittings. Master

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 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
 

$202,050$246,950$224,500

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$780
Property Tax -$198
Property Insurance -$63
HOA -$35
Property Management Fees -$119
CASH FLOW
$325

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.

$224,500

PROJECTED PRICE

$1,520

PROJECTED RENT

0.68%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,243

INVESTMENT

$65,243

Down Payment
$56,125
Rehab Estimate
$5,750
Closing Costs
$3,368

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$780

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,125
Loan Amount $168,375
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$39,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,557

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,505
1$1,5052$1,5203$1,5704$1,5955$1,730
$1,730
RENT COMPS ANALYSIS
  • 168 Darbys Run Drive Hiram, GA 2
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.82
    •  
  • 156 Darbys Run Way Hiram, GA 1
    • 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2005
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,505
    • $0.80
    •  
  • 466 Hill Crest Circle Hiram, GA 3
    • 4 beds 3 baths ∙ 1,816 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,816 Sqft ∙ Built 2014
    property image
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.86
    •  
  • 398 Darbys Run Court Hiram, GA 4
    • 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,854 Sqft ∙ Built 2009
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 308 Darbys Run Court Hiram, GA 5
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2014
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.84
    •  
PROPERTY LISTING DETAILS
Fidie Ramli
1.404.729.7175
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825576
Last Updated: 01/09/2021
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. © 2017 First Multiple Listing Service, Inc.

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