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2811 Hopkins Road Powder Springs, GA 30127

3 Beds 2 Baths 1,266 sqft Built 1988

$234,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $184.83
  • 2 Days on Market
  • MLS # : 6823371
  • Updated Date : 01/02/2021 at 14:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,266 sqft
  • Baths : 2 full
Listing Agent's Description

Beautiful Ranch 3 bedroom two bath with a large private backyard, recently renovated, great room with stone fireplace, and bay window, modern kitchen with tile floor and backsplash, septic tank has recently been cleaned with new field lines. HVAC and roof is about six years old. Hard to find great property with fruit trees in the back yard. No seller's disclosure will be provided by the seller since this home has been a rental home for the past four years.

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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

Zip Code: 30127

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210kPrice in $103k216k

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

Zip Code: 30127

ZipNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500Rent in $9731509

* 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
Dowell Elementary School Primary Regular 887 68 6
Tapp Middle School Middle Regular 769 51 8
Mceachern High School High Regular 2,239 122 6

Dowell Elementary School

  • Education Level: Primary
  • # of students: 887
  • # of teachers: 68
6
GreatSchools Rating

Tapp Middle School

  • Education Level: Middle
  • # of students: 769
  • # of teachers: 51
8
GreatSchools Rating

Mceachern High School

  • Education Level: High
  • # of students: 2,239
  • # of teachers: 122
6
GreatSchools Rating
 

$210,600$257,400$234,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$863
Property Tax -$254
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$42

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.

$234,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,760

INVESTMENT

$67,760

Down Payment
$58,500
Rehab Estimate
$5,750
Closing Costs
$3,510

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$863

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,500
Loan Amount $175,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,035

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,2954$1,3305$1,400
$1,400
RENT COMPS ANALYSIS
  • 2811 Hopkins Road Powder Springs, GA 4
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.05
    •  
  • 2716 Aruba Drive Powder Springs, GA 1
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1981
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.78
    •  
  • 3160 Kipling Drive Powder Springs, GA 2
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1973
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.77
    •  
  • 3543 Ten Oaks Circle Powder Springs, GA 3
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1995
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 3614 Whitfield Way Powder Springs, GA 5
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1986
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
PROPERTY LISTING DETAILS
Seyed Ehteshami
1.404.660.5626
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823371
Last Updated: 01/02/2021
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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