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2531 Hampton Valley Drive Sw Marietta, GA 30008

4 Beds 3 Baths 2,222 sqft Built 2002

$263,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $118.77
  • 5 Days on Market
  • MLS # : 6810643
  • Updated Date : 11/20/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,222 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Are you searching for your dream home in Marietta? If you are, then come and take a look at this gorgeous 4 bedroom and 2.5 bathroom home that is just minutes away from local restaurants and stores! Step inside where you are greeted by amazing hardwood flooring and a formal dining room. The kitchen has copious amounts of counter space and stainless steel appliances are showcased as well. The spacious primary bedroom is carpeted and features an attached en suite bathroom with great natural lighting. You'll love this location that is a quick commute to local schools!

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)
  • 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Neighborhood: South Hampton Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $82k282k

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

Neighborhood: South Hampton Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8171868

* 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
Hollydale Elementary School Primary Regular 689 57 5
Smitha Middle School Middle Regular 986 65 5
Osborne High School High Regular 1,999 123 3

Hollydale Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 57
5
GreatSchools Rating

Smitha Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 65
5
GreatSchools Rating

Osborne High School

  • Education Level: High
  • # of students: 1,999
  • # of teachers: 123
3
GreatSchools Rating
 

$237,510$290,290$263,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$974
Property Tax -$418
Property Insurance -$70
HOA -$20
Property Management Fees -$119
CASH FLOW
$79

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.

$263,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.4%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,684

INVESTMENT

$75,684

Down Payment
$65,975
Rehab Estimate
$5,750
Closing Costs
$3,959

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,975
Loan Amount $197,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,362

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,839

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6653$1,6804$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 2531 Hampton Valley Drive Sw Marietta, GA 3
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.76
    •  
  • 2350 Bankstone Drive Sw Marietta, GA 1
    • 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 1990
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 1830 Wellborn Way Marietta, GA 2
    • 3 beds 3 baths ∙ 2,277 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,277 Sqft ∙ Built 1998
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.73
    •  
  • 1236 Cumberland Creek Place Sw Marietta, GA 4
    • 4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2002
    LEASED 07/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 1242 Cumberland Creek Place Marietta, GA 5
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 2002
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.90
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6810643
Last Updated: 11/20/2020
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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