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1675 N Hood Court Kennesaw, GA 30152

3 Beds 3 Baths 2,028 sqft Built 1976

INVESTimate

$282,500

List Price

$1,660

$1,494 - $1,826

Rent Est.

$297,840  ( +5.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $139.30
  • 2 Days on Market
  • MLS # : 6771899
  • Updated Date : 08/25/2020 at 19:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,028 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Completely Renovated Open Concept Charming 3 Bed/ 3 Bath in Superb Location. This house checks ALL the boxes! This home sits on a Culdesac Lot with Flat front and back yard. Quite neighborhood with NO HOA or DUES! The outstanding location puts you minutes from 75, 41, Downtown Kennesaw and Downtown Marietta as well as a stunning park next to the neighborhood. The home has been completely renovated to include a new Open Concept Floorplan, New AC/Furnace and Granite throughout + much more. The home also has a Utility Shed for added storage. Wonderful Home!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Stilesboro Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $100k321k

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

Neighborhood: Stilesboro Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7952009

* 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
 

$254,250$310,750$282,500

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,042
Property Tax -$250
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$183

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.

$282,500

PROJECTED PRICE

$1,660

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.43%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,613

INVESTMENT

$80,613

Down Payment
$70,625
Rehab Estimate
$5,750
Closing Costs
$4,238

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,625
Loan Amount $211,875
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$35,989

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
  • $0.82

    LIST RENT PER SQFT
  • $1,719

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,494
1$1,4942$1,5753$1,6604$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 1675 N Hood Court Kennesaw, 3
    • 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.82
    •  
  • 1701 Live Oak Drive Nw Kennesaw, 1
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1981
    LEASED 04/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,494
    • $0.82
    •  
  • 4055 Woodland Drive Nw Kennesaw, 2
    • 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1976
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.85
    •  
  • 5040 Woodland Drive Nw Kennesaw, 4
    • 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 1980
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 2004 Cobblewood Drive Nw Kennesaw, 5
    • 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 1996
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
PROPERTY LISTING DETAILS
Celine Higgins
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6771899
Last Updated: 08/25/2020
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. © 2017 First Multiple Listing Service, Inc.

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