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213 Hickory Chase Canton, GA 30115

3 Beds 2 Baths 1,691 sqft Built 2020

$350,250

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $207.13
  • 4 Days on Market
  • MLS # : 6819344
  • Updated Date : 01/14/2021 at 09:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,691 sqft
  • Baths : 2 full
Listing Agent's Description

Brand NEW energy-efficient home ready January 2021! Enjoy happy hour on the Camden’s covered back patio. Inside, the sprawling kitchen island overlooks the family room with optional fireplace. In the owner’s suite, dual sinks and a walk-in closet simplify busy mornings. Spray-foam insulation from attic ridge down to dirt in exterior walls (excl garage). Currently unincorporated Cherokee County with no city real estate tax. Full lawn care & trash included in HOA fee.

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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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 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

Neighborhood: Seasons Preserve at Hickory Flat

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k337k

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

Neighborhood: Seasons Preserve at Hickory Flat

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732021

* 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
Hickory Flat Elementary School Primary Regular 550 33 9
Hickory Flat Elementary School Middle Regular 550 33 9
Sequoyah High School High Regular 1,715 93 8

Hickory Flat Elementary School

  • Education Level: Primary
  • # of students: 550
  • # of teachers: 33
9
GreatSchools Rating

Hickory Flat Elementary School

  • Education Level: Middle
  • # of students: 550
  • # of teachers: 33
9
GreatSchools Rating

Sequoyah High School

  • Education Level: High
  • # of students: 1,715
  • # of teachers: 93
8
GreatSchools Rating
 

$315,225$385,275$350,250

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 -$1,217
Property Tax -$286
Property Insurance -$60
HOA -$105
Property Management Fees -$119
CASH FLOW
-$126

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$350,250

PROJECTED PRICE

$1,660

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 3.00%
Vacancy 7.38%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$94,816

INVESTMENT

$94,816

Down Payment
$87,563
Rehab Estimate
$2,000
Closing Costs
$5,254

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,563
Loan Amount $262,688
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,279

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
  • $0.98

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6503$1,6604$1,800
$1,800
RENT COMPS ANALYSIS
  • 213 Hickory Chase Canton, GA 3
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.98
    •  
  • 610 Royal Crest Court Canton, GA 1
    • 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,725 Sqft ∙ Built 2018
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.94
    •  
  • 609 Royal Crest Court Canton, GA 2
    • 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 2017
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 945 Duncan Terrace Canton, GA 4
    • 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2014
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
PROPERTY LISTING DETAILS
Adam Corder
1.678.256.0755
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6819344
Last Updated: 01/14/2021
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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