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158 Grove Meadow Drive Acworth, GA 30101

4 Beds 3 Baths 2,074 sqft Built 2016

$299,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $144.60
  • 1 Days on Market
  • MLS # : 6860831
  • Updated Date : 03/27/2021 at 23:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,074 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Stunning 4 bed 2.5 bath exceptionally maintained home situated on level homesite in Harmony Grove. The covered front porch leads you into the foyer complemented with hardwood floors. The perfect sized formal dining room adjoins the chef's kitchen featuring granite counters, stained cabinetry, walk-in pantry and breakfast area. Enjoy this open concept with the kitchen open to this beautiful family room with fireplace & access to the backyard. The half bath, coat closet & access to garage completes the main level. The upper floor features a gorgeous owner's ensuite with

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MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30101

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30101

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8752009

* 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
Burnt Hickory Elementary School Primary Regular 896 54 8
Mcclure Middle School Middle Regular 1,166 62 8
North Paulding High School High Regular 2,034 91 7

Burnt Hickory Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 54
8
GreatSchools Rating

Mcclure Middle School

  • Education Level: Middle
  • # of students: 1,166
  • # of teachers: 62
8
GreatSchools Rating

North Paulding High School

  • Education Level: High
  • # of students: 2,034
  • # of teachers: 91
7
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,042
Property Tax -$265
Property Insurance -$67
HOA -$54
Property Management Fees -$119
CASH FLOW
-$17

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.

$299,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,6253$1,6454$1,7505$1,915
$1,915
RENT COMPS ANALYSIS
  • 158 Grove Meadow Drive Acworth, GA 1
    • 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.74
    •  
  • 120 Grove Meadow Drive Acworth, GA 2
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2016
    property image
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.79
    •  
  • 266 Moonlit Trail Dallas, GA 3
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2007
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.79
    •  
  • 122 Parkmont Court Dallas, GA 4
    • 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2005
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 146 Parkmont Court Dallas, GA 5
    • 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 2005
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,915
    • $0.80
    •  
PROPERTY LISTING DETAILS
Bob Wolf
1.770.843.2243
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6860831
Last Updated: 03/27/2021
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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