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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
$80,613
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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stilesboro Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$80,613
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,625 |
| Loan Amount | $211,875 |
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
-
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
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6771899
Last Updated: 08/25/2020
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.
