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1754 W Elmwood Drive Acworth, GA 30102

2 Beds 1 Baths 1,080 sqft Built 1981

$209,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $194.35
  • 4 Days on Market
  • MLS # : 6844282
  • Updated Date : 02/26/2021 at 14:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,080 sqft
  • Baths : 1 full
Listing Agent's Description

Looking for a little space? Look no further, great raised ranch over drive under garage and partial basement. Kitchen has been updated with cabinets and granite counter tops. Large 2 acre lot with a large shop, great for a woodworker or car enthusiast. Furnace is approximately a year old, hot water heater is approximately 3 years old.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30102

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k228k

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

Zip Code: 30102

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8021603

* 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
Oak Grove Elementary School Fine Arts Academy Primary Regular 603 40 5
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Oak Grove Elementary School Fine Arts Academy

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 40
5
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$729
Property Tax -$171
Property Insurance -$48
Property Management Fees -$119
CASH FLOW
$303

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.

$209,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

11.58

YEARS SAVED

$37,842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $1,490

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,3704$1,595
$1,595
RENT COMPS ANALYSIS
  • 1754 W Elmwood Drive Acworth, GA 3
    • 2 beds 1 baths ∙ 1,080 Sqft ∙ Built 1981 2 beds 1 baths ∙ 1,080 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.27
    •  
  • 850 Red Barn Road Acworth, GA 1
    • 2 beds 1 baths ∙ 1,008 Sqft ∙ Built 1975 2 beds 1 baths ∙ 1,008 Sqft ∙ Built 1975
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.24
    •  
  • 1175 Britley Park Lane Woodstock, GA 2
    • 2 beds 2 baths ∙ 1,211 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,211 Sqft ∙ Built 1997
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.07
    •  
  • 1140 Britley Park Lane Woodstock, GA 4
    • 2 beds 2 baths ∙ 871 Sqft ∙ Built 1997 2 beds 2 baths ∙ 871 Sqft ∙ Built 1997
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.83
    •  
PROPERTY LISTING DETAILS
Edward Hudson
1.770.546.5078
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6844282
Last Updated: 02/26/2021
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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