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7035 Hampton Bluff Way Roswell, GA 30075

4 Beds 3 Baths 2,379 sqft Built 1999

$405,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $170.24
  • 3 Days on Market
  • MLS # : 6806094
  • Updated Date : 11/07/2020 at 15:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,379 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome home! This brick front beauty sits on a cul-de-sac just minutes from Historic Downtown Roswell! Walk/bike/run to shops restaurants and the Chattahoochee River Park! Great room with fireplace opens to the Bkfast area and updated kitchen w/granite counter tops, SS appliances, and oak cabinetry. Formal dining room and living room are perfect for entertaining! Upper level has spacious master suite with tray ceilings, his and hers walk-in closets, spa bath and three sizable secondary bedrooms. There's lots of Extra Storage in the unfinished daylight basement.

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: 30075

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $113k409k

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

Zip Code: 30075

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9732575

* 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
Roswell North Elementary School Primary Regular 1,020 65 7
Crabapple Middle School Middle Regular 950 69 7
Roswell High School High Regular 2,078 129 8

Roswell North Elementary School

  • Education Level: Primary
  • # of students: 1,020
  • # of teachers: 65
7
GreatSchools Rating

Crabapple Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 69
7
GreatSchools Rating

Roswell High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 129
8
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,494
Property Tax -$373
Property Insurance -$73
HOA -$46
Property Management Fees -$119
CASH FLOW
$225

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.

$405,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.9%
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$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$46,679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,2004$2,3305$2,500
$2,500
RENT COMPS ANALYSIS
  • 7035 Hampton Bluff Way Roswell, GA 4
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.98
    •  
  • 2092 Old Forge Way Marietta, GA 1
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1981
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
  • 9775 Hightower Road Roswell, GA 2
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1985
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 290 Farm Track Roswell, GA 3
    • 5 beds 3 baths ∙ 2,398 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,398 Sqft ∙ Built 1985
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 6065 Hampton Bluff Way Roswell, GA 5
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 1999
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
PROPERTY LISTING DETAILS
Rebecca Duncan
1.919.753.3585
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806094
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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