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105 Bennett Farms Drive Acworth, GA 30102

3 Beds 2 Baths 2,312 sqft Built 1994

$290,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $125.43
  • 4 Days on Market
  • MLS # : 6810648
  • Updated Date : 11/20/2020 at 14:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,312 sqft
  • Baths : 2 full
Listing Agent's Description

Welcome home to this southern charmer! This well-maintained 3 bed / 2 bath ranch home offers a formal dining area, fireside great room, and an eat-in kitchen! Private Master Suite on the main floor boasts trey ceilings, beautiful double vanity, a soaking tub, and walk-in closet! Two generously sized secondary bedrooms share a secondary bath. Step outside to entertain family and guests while enjoying the view of your spacious backyard! Plenty of additional storage in the partial basement and two car garage! Don't miss out on this great opportunity!

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

PRICE & RENT TRENDS

Neighborhood: Bennett Farms

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k228k

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

Neighborhood: Bennett Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8281603

* 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
Boston Elementary School Primary Regular 616 38 6
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Boston Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 38
6
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,070
Property Tax -$237
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
$223

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.

$290,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$37,455

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,855

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7203$1,7454$1,8355$1,900
$1,900
RENT COMPS ANALYSIS
  • 105 Bennett Farms Drive Acworth, GA 2
    • 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.74
    •  
  • 1703 Cumberland Trace Acworth, GA 1
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1983
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.68
    •  
  • 411 Bennett Farms Place Acworth, GA 3
    • 4 beds 4 baths ∙ 2,088 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,088 Sqft ∙ Built 1995
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.84
    •  
  • 1627 Eagle Drive Woodstock, GA 4
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1999
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.84
    •  
  • 315 Victory Commons Overlook Drive Acworth, GA 5
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2004
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.85
    •  
PROPERTY LISTING DETAILS
Janice Overbeck
1.404.800.3159
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6810648
Last Updated: 11/20/2020
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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