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47 Surrey Court Hiram, GA 30141

3 Beds 3 Baths 1,182 sqft Built 1979

$144,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $122.59
  • 3 Days on Market
  • MLS # : 6813335
  • Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,182 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Great home located on a cul-de-sac that is super close to everything you could need! Exterior recently painted, new gutters, gutter toppers, and downspouts. New carpet in all of the carpeted rooms. Washer, Dryer, and Refrigerator stay with the home! Fantastic opportunity that won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$130,410$159,390$144,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$535
Property Tax -$128
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
$339

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.

$144,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.81%

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$100k$200k$300k$400k$500k$600k$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,149

INVESTMENT

$44,149

Down Payment
$36,225
Rehab Estimate
$5,750
Closing Costs
$2,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$535

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $36,225
Loan Amount $108,675
See What Happens When You Reinvest Cash Flow

14.58

YEARS SAVED

$40,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,158

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,1993$1,445
$1,445
RENT COMPS ANALYSIS
  • 47 Surrey Court Hiram, GA 1
    • 3 beds 3 baths ∙ 1,182 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,182 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.99
    •  
  • 286 Macland Springs Drive Dallas, GA 2
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1985
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.79
    •  
  • 77 Turnrow Court Hiram, GA 3
    • 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1978
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.17
    •  
PROPERTY LISTING DETAILS
Marhonda Campbell
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813335
Last Updated: 11/28/2020
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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