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3308 Hampreston Way Nw Kennesaw, GA 30144

4 Beds 3 Baths 2,124 sqft Built 2004

$289,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $136.49
  • 3 Days on Market
  • MLS # : 6855973
  • Updated Date : 03/20/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,124 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Immaculate 4 BR /2.5 BA Traditional home in Kennessaw, Front Porch, 2 Story Foyer leads to Dining and Kitchen w/New Granite Counter top & Island views to Family Room, New S/S kitchen appliances, Breakfast Area views to Back Yard, Spacious Master BR w/ Vaulted Ceiling and Walk- in Closet, All BR has ceiling Fan, Additional 3 BRs and 2nd BA on 2nd Floor, Bright & Open Floor Plan, Original owner, Well maintained property, Enjoy beautiful Common Area, Ground maintenance by HOA, Close to School and Park, Great Community and Neighbor

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).
  • #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)

PRICE & RENT TRENDS

Neighborhood: Duvall Court

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Duvall Court

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9162009

* 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
Big Shanty Intermediate School Primary Regular 760 55 6
Awtrey Middle School Middle Regular 805 53 7
North Cobb High School High Regular 2,856 143 7

Big Shanty Intermediate School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 55
6
GreatSchools Rating

Awtrey Middle School

  • Education Level: Middle
  • # of students: 805
  • # of teachers: 53
7
GreatSchools Rating

North Cobb High School

  • Education Level: High
  • # of students: 2,856
  • # of teachers: 143
7
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,007
Property Tax -$337
Property Insurance -$68
HOA -$95
Property Management Fees -$119
CASH FLOW
-$16

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.

$289,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.0%
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

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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,282

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,662

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,6953$1,7804$1,7855$1,800
$1,800
RENT COMPS ANALYSIS
  • 3308 Hampreston Way Nw Kennesaw, GA 1
    • 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.76
    •  
  • 3413 Clubside Court Kennesaw, GA 2
    • 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1999
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 3110 Kirkwood Drive Nw Kennesaw, GA 3
    • 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 2000
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.79
    •  
  • 3525 Clear Creek Crossing Kennesaw, GA 4
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2006
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.78
    •  
  • 2947 Monrovia Nw Kennesaw, GA 5
    • 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 1997
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
PROPERTY LISTING DETAILS
Sun Hee Kim
1.404.384.2245
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6855973
Last Updated: 03/20/2021
support@investimateroi.com

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