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624 Hidden Close Woodstock, GA 30188

3 Beds 3 Baths 2,100 sqft Built 2006

$339,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $161.86
  • 3 Days on Market
  • MLS # : 6805655
  • Updated Date : 11/07/2020 at 12:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,100 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Move-In Ready Home With Rocking Chair Front Porch In Sought-After Gated Community Convenient To Woodstock & Roswell/Alpharetta. Prime Cul-De-Sac Lot. 2-Story Greatroom With Fireplace Is Open To Kitchen With Stainless Steel Appliances, Pantry & Solid Surface Counters. Separate Dining Room Could Also Be An Office Or Extra Living Area. Upstairs Includes An Oversized Master Suite With Room For A Dedicated Sitting Area. Master Bath Has Whirlpool Tub, Separate Shower, Double Vanities & Huge Closet. 2 More Bedrooms & Secondary Bath Up. 2-Car Garage.

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: Mountain Brook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Mountain Brook

NeighborhoodNIR 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
Arnold Mill Elementary School Primary Regular 862 51 7
Mill Creek Middle School Middle Regular 1,284 72 7
River Ridge High School High Regular 1,601 88 8

Arnold Mill Elementary School

  • Education Level: Primary
  • # of students: 862
  • # of teachers: 51
7
GreatSchools Rating

Mill Creek Middle School

  • Education Level: Middle
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

River Ridge High School

  • Education Level: High
  • # of students: 1,601
  • # of teachers: 88
8
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,254
Property Tax -$246
Property Insurance -$82
HOA -$78
Property Management Fees -$119
CASH FLOW
$231

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.

$339,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.0%
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

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$44,226

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,367

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0103$2,3004$2,600
$2,600
RENT COMPS ANALYSIS
  • 624 Hidden Close Woodstock, GA 2
    • 3 beds 3 baths ∙ 2,840 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,840 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.71
    •  
  • 103 Churchcliff Drive Woodstock, GA 1
    • 3 beds 3 baths ∙ 2,837 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,837 Sqft ∙ Built 2005
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.67
    •  
  • 4005 Regas Drive Marietta, GA 3
    • 4 beds 4 baths ∙ 2,684 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,684 Sqft ∙ Built 1988
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 4510 Windsor Oaks Drive Marietta, GA 4
    • 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,676 Sqft ∙ Built 1992
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Renee Slaughter
1.770.597.6705
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805655
Last Updated: 11/07/2020
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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