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204 Hidden Creek Point Canton, GA 30114

4 Beds 3 Baths 2,340 sqft Built 2010

$265,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $113.25
  • 3 Days on Market
  • MLS # : 6828467
  • Updated Date : 01/16/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,340 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Located In A Quaint Holly Springs Neighborhood. Spacious Open Main Floor. Cook's Kitchen Equipped With All Stainless Steel Appliances, Plenty Of Cabinet & Counter Space. Restful Family Room Tucked Away In Rear of Home. Oversized Master Bedroom Has Cozy Sitting Area. Large Ensuite Master Bath Offers Stained Cabinetry, Double Vanities, Garden Tub. Upgraded Trim Along With The Vaulted & Trey Ceilings Offer Added Charm. Level Driveway & Poured Rear Patio. Extremely Easy Access To I-575.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Hidden Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $103k267k

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

Neighborhood: Hidden Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500155016001650Rent in $9611681

* 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
Liberty Elementary School Primary Regular 1,274 68 8
Freedom Middle School Middle Regular 1,119 65 9
Cherokee High School High Regular 2,378 135 6

Liberty Elementary School

  • Education Level: Primary
  • # of students: 1,274
  • # of teachers: 68
8
GreatSchools Rating

Freedom Middle School

  • Education Level: Middle
  • # of students: 1,119
  • # of teachers: 65
9
GreatSchools Rating

Cherokee High School

  • Education Level: High
  • # of students: 2,378
  • # of teachers: 135
6
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$920
Property Tax -$270
Property Insurance -$72
HOA -$8
Property Management Fees -$119
CASH FLOW
$380

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.

$265,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.6%
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$5.0k$10k$15k$20k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$46,572

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,773

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,685
1$1,6852$1,7603$1,7704$1,8105$1,815
$1,815
RENT COMPS ANALYSIS
  • 204 Hidden Creek Point Canton, GA 3
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.76
    •  
  • 417 Little River Road Canton, GA 1
    • 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2004
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.72
    •  
  • 602 Red Oak Court Canton, GA 2
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2003
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.79
    •  
  • 211 Hidden Creek Point Canton, GA 4
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2008
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.78
    •  
  • 529 Crestmont Lane Canton, GA 5
    • 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 2007
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.74
    •  
PROPERTY LISTING DETAILS
Jonathan Rogers
1.678.488.7355
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828467
Last Updated: 01/16/2021
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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