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1537 Anna Ruby Lane Nw Kennesaw, GA 30152

4 Beds 3 Baths 1,831 sqft Built 2003

$295,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $161.11
  • 2 Days on Market
  • MLS # : 6842374
  • Updated Date : 02/20/2021 at 22:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,831 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Charming traditional two-story in highly sought-out Glen at Mountain View! SO MUCH NEW: new roof, young water heater, young HVAC, young stainless steel appliances! Bonus: hardwood throughout entire home, including all upstairs bedrooms. Master suite offers TWO walk-in closets and bath with new mirrored cabinet with extra storage, slate tile floors, gorgeous glassed in shower with subway tile, and walk in closet. EXCELLENT, top rated school system. 15 min's to KSU. 2 miles to Kennesaw Mountain for Saturday hiking! Close to grocery, eating, shopping. Will go fast!

SEE MORE

MARKET HIGHLIGHTS

  • 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: The Glen

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $103k247k

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

Neighborhood: The Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191793

* 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
Hayes Elementary School Primary Regular 959 66 7
Pine Mountain Middle School Middle Regular 698 48 6
Kennesaw Mountain High School High Regular 2,162 120 8

Hayes Elementary School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 66
7
GreatSchools Rating

Pine Mountain Middle School

  • Education Level: Middle
  • # of students: 698
  • # of teachers: 48
6
GreatSchools Rating

Kennesaw Mountain High School

  • Education Level: High
  • # of students: 2,162
  • # of teachers: 120
8
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,025
Property Tax -$342
Property Insurance -$63
HOA -$41
Property Management Fees -$119
CASH FLOW
$70

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

$1,660

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$15,886

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,697

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,6603$1,7504$1,850
$1,850
RENT COMPS ANALYSIS
  • 1537 Anna Ruby Lane Nw Kennesaw, GA 2
    • 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.91
    •  
  • 8080 Sumit Creek Drive Kennesaw, GA 1
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1984
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.95
    •  
  • 1378 Dukes Creek Drive Nw Kennesaw, GA 3
    • 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,832 Sqft ∙ Built 2004
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.96
    •  
  • 1525 Anna Ruby Lane Nw Kennesaw, GA 4
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2003
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
PROPERTY LISTING DETAILS
Megan King
1.470.351.0243
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6842374
Last Updated: 02/20/2021
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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