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PROPERTY INFO
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.
SEE MORE
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seasons Preserve at Hickory Flat
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,816
LOAN DETAILS
$1,217
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,563 |
| Loan Amount | $262,688 |
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
-
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
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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
1.678.256.0755
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6819344
Last Updated: 01/14/2021
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.
