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6174 Hillpine Drive Douglasville, GA 30135

4 Beds 2 Baths 1,922 sqft Built 1976

INVESTimate

$189,000

List Price

$1,380

$1,242 - $1,518

Rent Est.

$203,685  ( +7.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $98.34
  • 4 Days on Market
  • MLS # : 6771209
  • Updated Date : 08/24/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,922 sqft
  • Baths : 2 full
Listing Agent's Description

Beautiful well kept split level ranch just five minute from I20. It is in an excellent school district and is situated in a quiet neighborhood. The house has a basement with an extra computer room, a stylish living room with a sun window, and a deck leading to the backyard. The house is newly carpeted and has new appliances.

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

Neighborhood: Century Woods

NeighborhoodNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $75k209k

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

Neighborhood: Century Woods

NeighborhoodNIR 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
Dorsett Shoals Elementary School Primary Regular 425 30 5
Yeager Middle School Middle Regular 536 34 4
Alexander High School High Regular 1,729 96 7

Dorsett Shoals Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 30
5
GreatSchools Rating

Yeager Middle School

  • Education Level: Middle
  • # of students: 536
  • # of teachers: 34
4
GreatSchools Rating

Alexander High School

  • Education Level: High
  • # of students: 1,729
  • # of teachers: 96
7
GreatSchools Rating
 

$170,100$207,900$189,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$697
Property Tax -$173
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$327

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.

$189,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.77%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,835

INVESTMENT

$55,835

Down Payment
$47,250
Rehab Estimate
$5,750
Closing Costs
$2,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,250
Loan Amount $141,750
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$40,615

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,437

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,288
1$1,2882$1,3723$1,3804$1,3905$1,495
$1,495
RENT COMPS ANALYSIS
  • 6174 Hillpine Drive Douglasville, 3
    • 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.72
    •  
  • 6636 Briarcliff Drive Douglasville, 1
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1973
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,288
    • $0.73
    •  
  • 3620 Douglas Ridge Trail Douglasville, 2
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1973
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,372
    • $0.70
    •  
  • 6266 Hillpine Drive Douglasville, 4
    • 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1972
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.77
    •  
  • 4191 Partridge Drive Douglasville, 5
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1976
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
PROPERTY LISTING DETAILS
Jahanzaib Nasir
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6771209
Last Updated: 08/24/2020
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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