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242 Hunters Chase Mcdonough, GA 30253

4 Beds 3 Baths 2,518 sqft Built 2002

$224,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $89.32
  • 13 Days on Market
  • MLS # : 6821199
  • Updated Date : 12/31/2020 at 11:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,518 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

HIGHEST AND BEST BY 2:00 MONDAY 1/4 Amazing 4 bed 2.5 bath home in desirable Hunters Run! Open concept living with kitchen entering into dining room and living room. Gorgeous walk out back yard fenced! Head upstairs to see the extra large master suite. His and her sinks with a massive walk in closet! Great location with easy access to the interstate as well as local shops and restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hunters Run

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Neighborhood: Hunters Run

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
Bethlehem Elementary School Primary Regular 538 39 4
Luella Middle School Middle Regular 792 47 5
Luella High School High Regular 1,389 82 5

Bethlehem Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 39
4
GreatSchools Rating

Luella Middle School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 47
5
GreatSchools Rating

Luella High School

  • Education Level: High
  • # of students: 1,389
  • # of teachers: 82
5
GreatSchools Rating
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$830
Property Tax -$375
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
$331

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.

$224,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 6.5%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$37,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,731

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,6503$1,6704$1,7305$1,735
$1,735
RENT COMPS ANALYSIS
  • 242 Hunters Chase Mcdonough, GA 4
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.69
    •  
  • 267 Hawken Trail Mcdonough, GA 1
    • 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2006
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.68
    •  
  • 5003 Dockside Drive Mcdonough, GA 2
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2005
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.66
    •  
  • 903 Summit Park Trail Mcdonough, GA 3
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.71
    •  
  • 732 Galveston Way Mcdonough, GA 5
    • 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 2018
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.70
    •  
PROPERTY LISTING DETAILS
David Shapiro
1.404.345.6788
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821199
Last Updated: 12/31/2020
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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