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1951 Hidden Valley Drive Sw Marietta, GA 30008

6 Beds 4 Baths 2,941 sqft Built 1999

$312,500

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $106.26
  • 14 Days on Market
  • MLS # : 6833064
  • Updated Date : 02/11/2021 at 08:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,941 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

This home is a beautifully renovated Traditional style 6 bedroom 3 and a half bathroom home. Everything is updated. The updated Kitchen features white stone countertops, white picket ceramic backsplash, laminate flooring and stainless steel whirlpool appliances. The gorgeous Master bedroom features Tray ceilings, laminate floors and a gorgeous view over looking the back yard. The master bathroom features duel vanities, a garden tub and a stand up shower. New fixtures, knobs and paint throughout.

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: The Bluffs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $103k282k

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

Neighborhood: The Bluffs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9731868

* 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
Birney Elementary School Primary Regular 760 62 3
Smitha Middle School Middle Regular 986 65 5
Osborne High School High Regular 1,999 123 3

Birney Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 62
3
GreatSchools Rating

Smitha Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 65
5
GreatSchools Rating

Osborne High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 123
3
GreatSchools Rating
 

$281,250$343,750$312,500

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,085
Property Tax -$504
Property Insurance -$84
HOA -$13
Property Management Fees -$119
CASH FLOW
$385

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.

$312,500

PROJECTED PRICE

$2,190

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.4%
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$20k

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$88,563

INVESTMENT

$88,563

Down Payment
$78,125
Rehab Estimate
$5,750
Closing Costs
$4,688

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,085

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,125
Loan Amount $234,375
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$44,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,147

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,9953$2,1904$2,995
$2,995
RENT COMPS ANALYSIS
  • 1951 Hidden Valley Drive Sw Marietta, GA 3
    • 6 beds 4 baths ∙ 2,941 Sqft ∙ Built 1999 6 beds 4 baths ∙ 2,941 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.74
    •  
  • 2821 Crest Ridge Way Sw Marietta, GA 1
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2001
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.58
    •  
  • 1056 Dalby Way Austell, GA 2
    • 5 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.68
    •  
  • 4046 Hill House Road Sw Smyrna, GA 4
    • 5 beds 4 baths ∙ 3,221 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,221 Sqft ∙ Built 2006
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.93
    •  
PROPERTY LISTING DETAILS
Carl Hall
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6833064
Last Updated: 02/11/2021
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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