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1058 Hillsborough Chase Kennesaw, GA 30144

3 Beds 3 Baths 1,905 sqft Built 1994

$249,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $131.18
  • 5 Days on Market
  • MLS # : 6807345
  • Updated Date : 11/12/2020 at 09:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,905 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This Beautiful La Casa Has been updated from Roof (brand New) to floors. Open floor plan with new floors new carpet in bedrooms tile in baths. Freshly painted inside and out. All new SS appliances. Cooks kitchen with 2 pantries. Office/playroom on main could be used as bedroom. Wood burning fireplace with gas. Huge master with balcony and a juliet balcony looks out to great room. Second Bedroom is great size Big Closets Private fenced backyard backyard. Walk out your door and be in DT Kennesaw in 5 mins. KSU is 5 min drive. Can't beat this location. So much Spanish

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

Neighborhood: Kennesborough Square

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $72k239k

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

Neighborhood: Kennesborough Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7651723

* 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
Big Shanty Intermediate School Primary Regular 760 55 6
Awtrey Middle School Middle Regular 805 53 7
North Cobb High School High Regular 2,856 143 7

Big Shanty Intermediate School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 55
6
GreatSchools Rating

Awtrey Middle School

  • Education Level: Middle
  • # of students: 805
  • # of teachers: 53
7
GreatSchools Rating

North Cobb High School

  • Education Level: High
  • # of students: 2,856
  • # of teachers: 143
7
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$922
Property Tax -$290
Property Insurance -$64
HOA -$42
Property Management Fees -$119
CASH FLOW
$213

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.

$249,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$31,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5353$1,6504$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 1058 Hillsborough Chase Kennesaw, GA 4
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 3188 Liberty Commons Drive Nw Kennesaw, GA 1
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2001
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
  • 1014 Darvin Lane Kennesaw, GA 2
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1987
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.94
    •  
  • 3471 Deerfield Lane Nw Kennesaw, GA 3
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1986
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 2633 English Oaks Lane Nw Kennesaw, GA 5
    • 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1999
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
PROPERTY LISTING DETAILS
Janice Hayes
1.404.259.5897
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807345
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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