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5438 Hampton Manor Court Lithonia, GA 30038

4 Beds 3 Baths 2,181 sqft Built 1998

$209,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $96.24
  • 7 Days on Market
  • MLS # : 6824015
  • Updated Date : 01/07/2021 at 09:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,181 sqft
  • Baths : 3 full
Listing Agent's Description

Move-in-ready, lovely 4 bedroom, 3 bathroom bi-level home in established Buckingham neighborhood offers a convenient location and a spacious floor plan that is sure to delight. The brick and wood exterior is complemented as you enter with a tall and well-lit foyer. Downstairs, you'll find two bedrooms, a full bath, and an integrated two-car garage that includes a bonus storage room. The family room upstairs boasts vaulted ceilings for extra room and a fireplace with an ornate mantle. The primary bedroom includes a spacious ensuite bathroom with a separate shower/tub.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30038

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30038

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
Fairington Elementary School Primary Regular 712 39 2
Salem Middle School Middle Regular 1,095 68 3
Martin Luther King, Junior High School High Regular 1,668 93 3

Fairington Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 39
2
GreatSchools Rating

Salem Middle School

  • Education Level: Middle
  • # of students: 1,095
  • # of teachers: 68
3
GreatSchools Rating

Martin Luther King, Junior High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 93
3
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$729
Property Tax -$304
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$249

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.

$209,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$24,529

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,538

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3573$1,4504$1,4705$1,575
$1,575
RENT COMPS ANALYSIS
  • 5438 Hampton Manor Court Lithonia, GA 4
    • 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.67
    •  
  • 3412 Cedar Rock Lane Lithonia, GA 1
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1986
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.69
    •  
  • 3186 Pearce Court Lithonia, GA 2
    • 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1988
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,357
    • $0.71
    •  
  • 2555 Willenhall Way Lithonia, GA 3
    • 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 3078 Bonnes Drive Lithonia, GA 5
    • 3 beds 3 baths ∙ 2,216 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,216 Sqft ∙ Built 2007
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.71
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6824015
Last Updated: 01/07/2021
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. © 2017 First Multiple Listing Service, Inc.

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