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1169 Rockmart Circle Nw Kennesaw, GA 30144

3 Beds 3 Baths 1,927 sqft Built 1991

$285,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $147.90
  • 3 Days on Market
  • MLS # : 6840394
  • Updated Date : 02/26/2021 at 12:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,927 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Charming updates throughout! Sought-after Kennesaw location offers 3-bedroom, 2.5-bath with a level, fenced back yard. Savvy updates include new interior paint, new wood laminate flooring on the main level, new carpet upstairs, stainless steel kitchen appliances, updated cabinetry, countertops sink & backsplash, new concrete walkway. The main level open design is ideal for entertaining inside or outside on the patio. The updated kitchen is open & airy with a fresh look plus new appliances.

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)
  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Glenstone

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Glenstone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8992009

* 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
Pitner Elementary School Primary Regular 868 66 6
Palmer Middle School Middle Regular 1,030 56 9
Kell High School High Regular 1,548 83 7

Pitner Elementary School

  • Education Level: Primary
  • # of students: 868
  • # of teachers: 66
6
GreatSchools Rating

Palmer Middle School

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 56
9
GreatSchools Rating

Kell High School

  • Education Level: High
  • # of students: 1,548
  • # of teachers: 83
7
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$990
Property Tax -$252
Property Insurance -$64
HOA -$13
Property Management Fees -$119
CASH FLOW
$152

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.

$285,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$27,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5903$1,5954$1,6255$1,645
$1,645
RENT COMPS ANALYSIS
  • 1169 Rockmart Circle Nw Kennesaw, GA 2
    • 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,927 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.83
    •  
  • 3846 Glenlake Springs Court Nw Kennesaw, GA 1
    • 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1997
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 875 Westfield Row Acworth, GA 3
    • 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 1988
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 4504 Lexford Court Nw Acworth, GA 4
    • 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1997
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.86
    •  
  • 1338 Colonial Trace Nw Acworth, GA 5
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1986
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.88
    •  
PROPERTY LISTING DETAILS
Path Post Team
1.404.334.2402
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6840394
Last Updated: 02/26/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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