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206 Sandstone Drive Hampton, GA 30228

4 Beds 4 Baths 2,376 sqft Built 2007

$220,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $92.59
  • 5 Days on Market
  • MLS # : 6818057
  • Updated Date : 12/17/2020 at 09:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,376 sqft
  • Baths : 4 full
Listing Agent's Description

Balcony off your master anyone? This home is too good to be true. 4 bedrooms and 3 full baths with a bedroom and full bath on the main floor. Super spacious master suite and the walk-in closet you have been dreaming of! Beautiful wood flooring on your main floor and a deck off your breakfast nook. Not to mention there is no HOA! Preferred lender Gustavo Tobias - 770-313-1887 - USA Mortgage. Preferred Closing Attorney Halperin Lyman.

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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Ambur Cove

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Ambur Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Rocky Creek Elementary School Primary Regular 748 44 6
Hampton Middle School Middle Regular 842 48 4
Hampton High School High Unknown 822 48 NA

Rocky Creek Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 44
6
GreatSchools Rating

Hampton Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 48
4
GreatSchools Rating

Hampton High School

  • Education Level: High
  • # of students: 822
  • # of teachers: 48
NA
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$812
Property Tax -$237
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$419

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$220,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

12.25

YEARS SAVED

$50,537

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,734

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,6604$1,6805$1,860
$1,860
RENT COMPS ANALYSIS
  • 206 Sandstone Drive Hampton, GA 3
    • 4 beds 4 baths ∙ 2,376 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,376 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.70
    •  
  • 925 Revere Way Hampton, GA 1
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2008
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.69
    •  
  • 311 Peachtree Circle Hampton, GA 2
    • 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2006
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.70
    •  
  • 668 Lynchburg Street Hampton, GA 4
    • 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2003
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.77
    •  
  • 539 Gristmill Lane Hampton, GA 5
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2006
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.76
    •  
PROPERTY LISTING DETAILS
Nakia Warner
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6818057
Last Updated: 12/17/2020
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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