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2390 Hampton Trail Cumming, GA 30041

4 Beds 3 Baths 2,938 sqft Built 1995

$385,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $131.04
  • 5 Days on Market
  • MLS # : 6806865
  • Updated Date : 11/14/2020 at 08:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,938 sqft
  • Baths : 3 full
Listing Agent's Description

Emanating country vibes, this spacious 4BR/3BA, 2,938sqft abode sits on 0.58-acres and has a covered front porch. Once inside, you find high ceilings and hardwood floors. The eat-in kitchen has oak cabinetry, center island, granite countertops, and pantry. In the living room, find a fireplace and access to the backyard w/built-in grill and fireplace. The master bedroom has an en suite w/soaking tub, 2 sinks, and a separate shower. Other features: 2-car attached garage, laundry room, great location, and more! Schedule your private showing today!

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

Zip Code: 30041

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k391k

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

Zip Code: 30041

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732079

* 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
Daves Creek Elementary School Primary Regular 1,221 66 9
South Forsyth Middle School Middle Regular 1,193 66 9
South Forsyth High School High Regular 2,693 151 9

Daves Creek Elementary School

  • Education Level: Primary
  • # of students: 1,221
  • # of teachers: 66
9
GreatSchools Rating

South Forsyth Middle School

  • Education Level: Middle
  • # of students: 1,193
  • # of teachers: 66
9
GreatSchools Rating

South Forsyth High School

  • Education Level: High
  • # of students: 2,693
  • # of teachers: 151
9
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,420
Property Tax -$317
Property Insurance -$84
HOA -$42
Property Management Fees -$119
CASH FLOW
$168

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.

$385,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
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$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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$39,956

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,181

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,0504$2,1505$2,500
$2,500
RENT COMPS ANALYSIS
  • 2390 Hampton Trail Cumming, GA 4
    • 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.73
    •  
  • 4565 Essen Lane Cumming, GA 1
    • 3 beds 3 baths ∙ 2,788 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,788 Sqft ∙ Built 2007
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
  • 1530 Aurelia Drive Cumming, GA 2
    • 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 2001
    property image
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.75
    •  
  • 1805 Montcliff Drive Cumming, GA 3
    • 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.72
    •  
  • 4055 Brumby Lane Cumming, GA 5
    • 5 beds 4 baths ∙ 3,210 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,210 Sqft ∙ Built 2013
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
PROPERTY LISTING DETAILS
Devon Watkins
1.404.492.5261
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806865
Last Updated: 11/14/2020
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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