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913 Talley Street Hampton, GA 30228

4 Beds 4 Baths 2,393 sqft Built 2004

$260,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $108.65
  • 6 Days on Market
  • MLS # : 6821224
  • Updated Date : 12/23/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,393 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

WELCOME HOME! This beautiful well maintained 4 bedrooms, 2 ½ bath located in the Cul De Sac of Smith Lake Cove. This home is in a fantastic location and just minutes away from Atlanta Motor Speedway. Foyer entrance with hardwood floors, opens to a large living and family room. off to the side is a formal dining area. Kitchen has plenty of cabinets and counter space with breakfast area/breakfast bar and off the kitchen is a nice size deck.

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: 30228

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

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

Zip Code: 30228

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
River's Edge Elementary School Primary Regular 610 37 6
Eddie White K-8 Academy Middle Regular 1,387 75 5
Lovejoy High School High Regular 1,992 96 3

River's Edge Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 37
6
GreatSchools Rating

Eddie White K-8 Academy

  • Education Level: Middle
  • # of students: 1,387
  • # of teachers: 75
5
GreatSchools Rating

Lovejoy High School

  • Education Level: High
  • # of students: 1,992
  • # of teachers: 96
3
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$959
Property Tax -$289
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$439

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.

$260,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 5.0%
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$200k$400k$600k$800k$1.0M

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$54,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,571

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6503$1,6954$1,880
$1,880
RENT COMPS ANALYSIS
  • 913 Talley Street Hampton, GA 4
    • 4 beds 4 baths ∙ 2,393 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,393 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.79
    •  
  • 43 Keiths Court Fayetteville, GA 1
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2004
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.73
    •  
  • 90 Renee Way Fayetteville, GA 2
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2004
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.61
    •  
  • 460 Pernell Drive Hampton, GA 3
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2005
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.63
    •  
PROPERTY LISTING DETAILS
Mark Spain
1.770.886.9000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821224
Last Updated: 12/23/2020
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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