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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $160.85
- 17 Days on Market
- MLS # : 6813626
- Updated Date : 12/01/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,461 sqft
- Baths : 2 full
Listing Agent's Description
4 sides brick. Roof 2015, double insulated vinyl windows with the tilt in feature for ease of cleaning, new paint on the entire exterior, 6 inch aluminum gutters, upgraded storm door, R30 insulation in attic, R19 insulation in garage ceiling & crawlspace, New paint throughout, trim & ceiling. New light fixtures, new LVR flooring throughout home, all stainless steel appliances. Complete remodel of bathrooms including new vanities, lighting & fixtures. New furnace 2019, new w/h 2020. Electrical panel & all the wiring 2017, washer and dryer included. A/C unit 2012
SEE MORE
- As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
- 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 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)
PRICE & RENT TRENDS
Neighborhood: Cherokee Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cherokee Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$192 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$57
|
||
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.
$235,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
5.67
YEARS SAVED
$17,580
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,377
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
1519 Oakmont Drive Acworth, GA 2
- 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $1,290
- $0.88
-
5545 Crestview Drive Acworth, GA 1
- 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1972
LEASED 05/09/20- Rent
- Rent Per SQFT
- $1,250
- $0.89
-
5759 Woodland Drive Acworth, GA 3
- 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1971
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,295
- $0.94
-
1412 Oakmont Drive Acworth, GA 4
- 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1971
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,295
- $0.96
-
1411 Wildwood Drive Acworth, GA 5
- 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1971
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,425
- $0.98
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813626
Last Updated: 12/01/2020
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.
