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9470 Hidden Branch Drive Jonesboro, GA 30236

3 Beds 3 Baths 1,409 sqft Built 1977

$178,900

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $126.97
  • 5 Days on Market
  • MLS # : 6807466
  • Updated Date : 11/12/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,409 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

BACK ON THE MARKET, BUYER'S LOAN FELL THROUGH, SO THEIR LOSS IS YOUR GAIN! A MUST SEE WON'T LAST LONG! THIS TURN KEY READY HOME IN THE LAKE SPIVEY AREA OF NOAHS ARK. NEWLY RENOVATED, IT HAS NEW ROOF, HVAC SYSTEM, FRESH EXTERIOR& INTERIOR PAINT, KITCHEN GRANITE COUNTERTOPS, SUBWAY WHITE TILE BACKSPLASH, STAINLESS STEEL APPLIANCES, LUXURY VINYL PLANK & CARPET THROUGHOUT, TWO GARAGE DOORS WITH GARAGE OPENERS, ENTIRE GARAGE FRESHLY PAINTED, TILE FLOORING IN THE FORMAL DINING ROOM & BATHROOMS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)

PRICE & RENT TRENDS

Zip Code: 30236

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $81k209k

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

Zip Code: 30236

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7591509

* 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
Suder Elementary School Primary Regular 741 46 4
Roberts Middle School Middle Regular 853 61 7
Jonesboro High School High Regular 1,321 70 3

Suder Elementary School

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 46
4
GreatSchools Rating

Roberts Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 61
7
GreatSchools Rating

Jonesboro High School

  • Education Level: High
  • # of students: 1,321
  • # of teachers: 70
3
GreatSchools Rating
 

$161,010$196,790$178,900

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$660
Property Tax -$195
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$112

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.

$178,900

PROJECTED PRICE

$1,140

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.7%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,159

INVESTMENT

$53,159

Down Payment
$44,725
Rehab Estimate
$5,750
Closing Costs
$2,684

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,725
Loan Amount $134,175
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$15,182

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,193

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,140
1$1,1402$1,2613$1,2804$1,300
$1,300
RENT COMPS ANALYSIS
  • 9470 Hidden Branch Drive Jonesboro, GA 1
    • 3 beds 3 baths ∙ 1,409 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,409 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.81
    •  
  • 1465 Brownleaf Drive Jonesboro, GA 2
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1971
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,261
    • $0.89
    •  
  • 10076 Silent Trail Jonesboro, GA 3
    • 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,592 Sqft ∙ Built 1977
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.80
    •  
  • 1691 Hearthstone Court Jonesboro, GA 4
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1988
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.85
    •  
PROPERTY LISTING DETAILS
Celine Higgins
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807466
Last Updated: 11/12/2020
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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