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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $102.61
- 3 Days on Market
- MLS # : 6842636
- Updated Date : 02/20/2021 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,875 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Once you see this home you will want to stay! A charming, traditional with 4 bedrooms, 2.5 bathrooms with a partial basement. Main floor has a formal living room/office, formal dining room, large family room with wood beams and a gorgeous Flagstone fireplace. Updated kitchen with custom Thomasville cabinets, stainless steel appliances, tile backsplash, breakfast bar, breakfast area, half bath and laundry room. The screened porch is perfect for morning coffee/tea and just relaxing! Upstairs has 3 nicely sized secondary bedrooms. The master suite is spacious with his and
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Green's Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green's Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$326 | |
| Property Insurance | -$83 | |
| HOA | -$25 | |
| 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.
$295,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
8.42
YEARS SAVED
$33,128
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.63
LIST RENT PER SQFT
-
$1,833
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
1440 Boxwood Trace Nw Acworth, GA 4
- 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $1,800
- $0.63
-
1154 Reading Drive Nw Acworth, GA 1
- 5 beds 3 baths ∙ 2,630 Sqft ∙ Built 1984 5 beds 3 baths ∙ 2,630 Sqft ∙ Built 1984
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LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,675
- $0.64
-
1357 Meadow Creek Way Nw Acworth, GA 2
- 4 beds 3 baths ∙ 3,088 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,088 Sqft ∙ Built 1988
![property image]()
LEASED 11/13/19- Rent
- Rent Per SQFT
- $1,750
- $0.57
-
1370 Boxwood Trace Nw Acworth, GA 3
- 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1982 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 1982
![property image]()
LEASED 02/09/21- Rent
- Rent Per SQFT
- $1,750
- $0.57
-
1806 Babbling Brook Nw Acworth, GA 5
- 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1998
![property image]()
LEASED 11/09/20- Rent
- Rent Per SQFT
- $1,975
- $0.77
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6842636
Last Updated: 02/20/2021
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.
