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45 Parklin Drive Hiram, GA 30141

3 Beds 3 Baths 2,008 sqft Built 2004

$264,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $131.92
  • 2 Days on Market
  • MLS # : 6850197
  • Updated Date : 03/06/2021 at 22:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,008 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Desirable 3 BR/2.5 BA Ranch tucked away on a cul-de-sac! Sought after community is just 2 minutes to shopping & dining in Hiram and walking distance to the Silver Comet Trail! Two story entryway opens into bright & spacious living areas featuring airy vaulted ceilings and updated flooring. Fireside great room flows into charming kitchen w/updated SS appls, updated custom cabinets, marble tile backsplash & granite! Sunny breakfast area leads out to the patio! Elegant dining rm has high ceilings w/crown molding & detailed wainscoting. Oversized master suite has multi-trey

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

Zip Code: 30141

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $87k209k

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

Zip Code: 30141

ZipNIR Market*CityMarket2010Year20002019 Q210001050110011501200125013001350140014501500Rent in $9651509

* 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
Hiram Elementary School Primary Regular 654 42 5
P.b. Ritch Middle School Middle Regular NA
Hiram High School High Regular 1,636 80 5

Hiram Elementary School

  • Education Level: Primary
  • # of students: 654
  • # of teachers: 42
5
GreatSchools Rating

P.b. Ritch Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Hiram High School

  • Education Level: High
  • # of students: 1,636
  • # of teachers: 80
5
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$920
Property Tax -$234
Property Insurance -$66
HOA -$35
Property Management Fees -$119
CASH FLOW
$126

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.

$264,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.7%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$20,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,591

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,5654$1,6505$1,735
$1,735
RENT COMPS ANALYSIS
  • 45 Parklin Drive Hiram, GA 1
    • 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 128 Ancient Oaks Way Hiram, GA 2
    • 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 2003
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.77
    •  
  • 261 Bookout Loop Powder Springs, GA 3
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 2001
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.77
    •  
  • 3951 Saint George Terrace Hiram, GA 4
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2000
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 5039 Mickleton Way Powder Springs, GA 5
    • 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 1993
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.82
    •  
PROPERTY LISTING DETAILS
Annamaria Stalker
1.678.860.2050
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6850197
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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