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425 Misty Brook Court Hampton, GA 30228

3 Beds 3 Baths 2,383 sqft Built 2003

$239,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $100.67
  • 3 Days on Market
  • MLS # : 6849420
  • Updated Date : 03/06/2021 at 13:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,383 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Large, open, beautiful home for sale in the quiet & peaceful Hampton Brook Subdivision. This home offers a large open kitchen with breakfast bar, dining/breakfast area, white cabinets, and a panty. The main floor of the home also has the master bedrooms & bath, dining area, fireplace, and the huge family/great room. The basement has three partially finished rooms and a half bath and lots of storage space. The home sits on +-2.38 acres on a quiet cul-de-sac street with no HOA. This home is close to I-75, Atlanta Motor Speedway, & Downtown Hampton. Must See!!

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: Hampton Brook

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200kPrice in $96k209k

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

Neighborhood: Hampton Brook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290095010001050110011501200125013001350140014501500Rent in $8701509

* 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
Rocky Creek Elementary School Primary Regular 748 44 6
Hampton Middle School Middle Regular 842 48 4
Hampton High School High Unknown 822 48 NA

Rocky Creek Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 44
6
GreatSchools Rating

Hampton Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 48
4
GreatSchools Rating

Hampton High School

  • Education Level: High
  • # of students: 822
  • # of teachers: 48
NA
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$833
Property Tax -$277
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$258

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.

$239,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 5.0%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$32,344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,585

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5603$1,695
$1,695
RENT COMPS ANALYSIS
  • 425 Misty Brook Court Hampton, GA 2
    • 3 beds 3 baths ∙ 2,383 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,383 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.65
    •  
  • 311 Peachtree Circle Hampton, GA 1
    • 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2006
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.70
    •  
  • 329 Othello Drive Hampton, GA 3
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2006
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.63
    •  
PROPERTY LISTING DETAILS
Roger Philmon
1.404.966.4764
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6849420
Last Updated: 03/06/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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