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4382 Hallbrook Drive Peachtree Corners, GA 30092

3 Beds 3 Baths 2,132 sqft Built 1981

$415,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $194.65
  • 6 Days on Market
  • MLS # : 6832704
  • Updated Date : 01/30/2021 at 12:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,132 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

The complete package. Beautifully presented and ideally located. Hardwoods, designer colors throughout, shiplap accents and custom built-in shelving. Remodeled kitchen with stone counters, island, stainless steel appliances, and 42" Cabinets featuring soft close drawers. Large dining room opens to kitchen & breakfast room. Serene family room and separate home office. Newer AC, water heater & garage doors. Sizeable lot, private backyard. Established, quiet, subdivision convenient to everything in Peachtree Corners & beyond, including great school system. Welcome home!

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Peachtree Corners

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k358k

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

Neighborhood: Peachtree Corners

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9733087

* 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
Simpson Elementary School Primary Regular 765 62 10
Pinckneyville Middle School Middle Regular 1,306 81 6
Norcross High School High Regular 3,738 204 5

Simpson Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 62
10
GreatSchools Rating

Pinckneyville Middle School

  • Education Level: Middle
  • # of students: 1,306
  • # of teachers: 81
6
GreatSchools Rating

Norcross High School

  • Education Level: High
  • # of students: 3,738
  • # of teachers: 204
5
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,441
Property Tax -$434
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$53

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.

$415,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.7%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$16,123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,738

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,8504$1,8505$2,010
$2,010
RENT COMPS ANALYSIS
  • 4382 Hallbrook Drive Peachtree Corners, GA 5
    • 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.94
    •  
  • 3674 Kentford Lane Peachtree Corners, GA 1
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1996
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 4941 Bankside Way Peachtree Corners, GA 2
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1996
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 9420 Coleherne Court Alpharetta, GA 3
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1997
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 4931 Bankside Way Peachtree Corners, GA 4
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1996
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
PROPERTY LISTING DETAILS
Collins Collective
1.404.803.9753
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832704
Last Updated: 01/30/2021
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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