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4625 Hamptons Club Drive Alpharetta, GA 30004

3 Beds 3 Baths 2,158 sqft Built 1994

$337,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $156.16
  • 2 Days on Market
  • MLS # : 6815884
  • Updated Date : 12/05/2020 at 18:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,158 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

UPDATED w LARGE LEVEL FENCED YARD & SCREENED PORCH in W FORSYTH CO. Refrigerator, Samsung WASHER & DRYER and OVER $1,600 in SMART HOME EQUIPMENT INCLUDED - Lights, Nest, Ring & Google Home. Zoned for New Hendricks MS (opens 2021). 2016 Roof. Over $22k in Owner Improvements! Tons of Interior & Exterior Storage! Open Concept Main Floor w Large Dining Room, Kitchen Island, Granite Counters, W/In Pantry, & Powder Room. 2nd Floor features Owners' Suite and 2 Secondary Bedrooms w Jack n Jill Bath. Side-Facing 2-Car Garage. Attached Shed w Concrete Foundation.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k447k

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

Zip Code: 30004

ZipNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732843

* 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
Sawnee Elementary School Primary Regular 1,233 81 7
Liberty Middle School Middle Regular 984 58 8
West Forsyth High School High Regular 2,362 126 8

Sawnee Elementary School

  • Education Level: Primary
  • # of students: 1,233
  • # of teachers: 81
7
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 984
  • # of teachers: 58
8
GreatSchools Rating

West Forsyth High School

  • Education Level: High
  • # of students: 2,362
  • # of teachers: 126
8
GreatSchools Rating
 

$303,300$370,700$337,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,243
Property Tax -$277
Property Insurance -$69
HOA -$42
Property Management Fees -$119
CASH FLOW
$170

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.

$337,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$95,055

INVESTMENT

$95,055

Down Payment
$84,250
Rehab Estimate
$5,750
Closing Costs
$5,055

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,250
Loan Amount $252,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$37,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,942

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,9204$1,9355$1,995
$1,995
RENT COMPS ANALYSIS
  • 4625 Hamptons Club Drive Alpharetta, GA 3
    • 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,158 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.89
    •  
  • 4940 Ansley Lane Cumming, GA 1
    • 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1997
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 4350 Cadmium Drive Cumming, GA 2
    • 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 2011
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 4985 Roosevelt Circle Cumming, GA 4
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2012
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.85
    •  
  • 4270 Azurite Street Cumming, GA 5
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2009
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
PROPERTY LISTING DETAILS
Holli Clem
1.678.448.7672
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815884
Last Updated: 12/05/2020
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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