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5230 Hidden Valley Lane Cumming, GA 30028

4 Beds 3 Baths 2,910 sqft Built 2016

$385,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $132.30
  • 4 Days on Market
  • MLS # : 6855194
  • Updated Date : 03/21/2021 at 01:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,910 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Opportunity knocks with this better than new North Forsyth home! New hardwoods, lighting and superb exterior plantings in the fully fenced yard. Totally move in ready! 4BR's, 2.5BA's. Huge kitchen with SS appliances, large island, a true chef's dream. The main bedroom is like a second living area! Large master bath and walk in closet. Great amenities!

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: 30028

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k328k

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

Zip Code: 30028

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
Silver City Elementary School Primary Regular 1,095 66 8
North Forsyth Middle School Middle Regular 1,017 58 7
North Forsyth High School High Regular 2,400 138 8

Silver City Elementary School

  • Education Level: Primary
  • # of students: 1,095
  • # of teachers: 66
8
GreatSchools Rating

North Forsyth Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 58
7
GreatSchools Rating

North Forsyth High School

  • Education Level: High
  • # of students: 2,400
  • # of teachers: 138
8
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,337
Property Tax -$317
Property Insurance -$83
HOA -$50
Property Management Fees -$119
CASH FLOW
$173

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.

$385,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.7%
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$1.2M$1.4M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$33,800

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,001

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$2,0803$2,0954$2,2005$2,225
$2,225
RENT COMPS ANALYSIS
  • 5230 Hidden Valley Lane Cumming, GA 2
    • 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,910 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.71
    •  
  • 5455 Stevenhaven Lane Cumming, GA 1
    • 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 2007
    property image
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.68
    •  
  • 4725 Hopewell Manor Drive Cumming, GA 3
    • 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 2008
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.68
    •  
  • 5685 Banner Boulevard Cumming, GA 4
    • 5 beds 3 baths ∙ 3,196 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,196 Sqft ∙ Built 2015
    property image
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.69
    •  
  • 5255 Hidden Valley Lane Cumming, GA 5
    • 5 beds 4 baths ∙ 3,200 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,200 Sqft ∙ Built 2017
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jennifer Payne
1.706.878.6132
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6855194
Last Updated: 03/21/2021
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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