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5128 Hidden Hills Trace Stone Mountain, GA 30088

4 Beds 4 Baths 2,719 sqft Built 1974

$272,500

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $100.22
  • 5 Days on Market
  • MLS # : 6802687
  • Updated Date : 10/31/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,719 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Freshly renovated large family home in culdesac with lots of privacy. NEW roof, NEW windows, NEW HVAC, NEW hot water heater, NEW kitchen cabinets, NEW granite countertops, NEW SS appliances, NEW flooring, NEW interior and exterior paint, NEW plumbing and light fixtures, NEW gutters and NEW sidewalk. Very spacious with finished living area in basement with a wet bar and full bath. Come look at this very spacious home with lots of elbow room. Swimming pool can be filled in or repaired.

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: 30088

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $81k209k

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

Zip Code: 30088

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Woodridge Elementary School Primary Regular 585 34 4
Miller Grove Middle School Middle Regular 977 61 3
Miller Grove High School High Regular 1,551 83 4

Woodridge Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 34
4
GreatSchools Rating

Miller Grove Middle School

  • Education Level: Middle
  • # of students: 977
  • # of teachers: 61
3
GreatSchools Rating

Miller Grove High School

  • Education Level: High
  • # of students: 1,551
  • # of teachers: 83
4
GreatSchools Rating
 

$245,250$299,750$272,500

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,005
Property Tax -$396
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$30

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$272,500

PROJECTED PRICE

$1,630

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$77,963

INVESTMENT

$77,963

Down Payment
$68,125
Rehab Estimate
$5,750
Closing Costs
$4,088

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,005

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,125
Loan Amount $204,375
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,805

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,528
1$1,5282$1,5693$1,6304$1,8205$1,900
$1,900
RENT COMPS ANALYSIS
  • 5128 Hidden Hills Trace Stone Mountain, GA 3
    • 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 1974 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.60
    •  
  • 5164 Fieldgreen Crossing Stone Mountain, GA 1
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 1979
    property image
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,528
    • $0.63
    •  
  • 1002 Walnut Trace Lithonia, GA 2
    • 5 beds 4 baths ∙ 2,490 Sqft ∙ Built 1992 5 beds 4 baths ∙ 2,490 Sqft ∙ Built 1992
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,569
    • $0.63
    •  
  • 5848 Bellingrath Way Lithonia, GA 4
    • 5 beds 4 baths ∙ 2,546 Sqft ∙ Built 1993 5 beds 4 baths ∙ 2,546 Sqft ∙ Built 1993
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.71
    •  
  • 5594 Mountain View Pass Stone Mountain, GA 5
    • 5 beds 4 baths ∙ 2,523 Sqft ∙ Built 1994 5 beds 4 baths ∙ 2,523 Sqft ∙ Built 1994
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
PROPERTY LISTING DETAILS
Celine Higgins
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802687
Last Updated: 10/31/2020
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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