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4915 Hyde Court Cumming, GA 30040

5 Beds 3 Baths 2,754 sqft Built 1994

$345,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $125.27
  • 9 Days on Market
  • MLS # : 6803059
  • Updated Date : 11/04/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,754 sqft
  • Baths : 3 full
Listing Agent's Description

This is it! Beautiful open and inviting home on 1 acre in a well established neighborhood. All new paint inside and out, new carpets in the bedrooms with hardwoods throughout main living area. So many improvements and updates have been done including a brand new HVAC! Kitchen has granite counter tops with tile back splash and undermount sink. Home is move in ready and waiting on its next owners. Finished basement with 2 bedrooms a full bathroom and bonus room! HOA has a swimming pool and is OPTIONAL. Home is minutes from the new Hendricks Middle school opening in 2021.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30040

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k328k

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

Zip Code: 30040

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,273
Property Tax -$284
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$6

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.

$345,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$21,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,9504$2,100
$2,100
RENT COMPS ANALYSIS
  • 4915 Hyde Court Cumming, GA 1
    • 5 beds 3 baths ∙ 2,754 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,754 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.64
    •  
  • 4580 Carver Court Cumming, GA 2
    • 5 beds 3 baths ∙ 2,877 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,877 Sqft ∙ Built 2006
    property image
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.62
    •  
  • 3730 Agard Street Cumming, GA 3
    • 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2006
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.69
    •  
  • 4375 Colchester Creek Drive Cumming, GA 4
    • 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2009
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.73
    •  
PROPERTY LISTING DETAILS
Ashly Whitaker
1.770.401.8004
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803059
Last Updated: 11/04/2020
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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