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1801 Lightwood Lane Nw Acworth, GA 30102

4 Beds 3 Baths 2,280 sqft Built 1999

$289,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $126.75
  • 3 Days on Market
  • MLS # : 6833679
  • Updated Date : 01/30/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,280 sqft
  • Baths : 3 full
Listing Agent's Description

Look no further you have arrived at a one of the few homes in this area that really is two homes for one price. This home is completely offers separate entrances 3 bedroom ranch home move in ready upstairs, nothing to do here. And below is a full basement that can be used as a large family recreation area or as apartment with beautiful tile floors, plenty of storage. The pictures do not lie, this home has been tastefully done and meticulously cared for and maintained. Centrally located near great shopping and restaurants and schools. Newly Constructed wooden Deck!

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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)
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Devonwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Devonwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8722009

* 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
Pitner Elementary School Primary Regular 868 66 6
Palmer Middle School Middle Regular 1,030 56 9
North Cobb High School High Regular 2,856 143 7

Pitner Elementary School

  • Education Level: Primary
  • # of students: 868
  • # of teachers: 66
6
GreatSchools Rating

Palmer Middle School

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 56
9
GreatSchools Rating

North Cobb High School

  • Education Level: High
  • # of students: 2,856
  • # of teachers: 143
7
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,004
Property Tax -$319
Property Insurance -$71
HOA -$29
Property Management Fees -$119
CASH FLOW
$257

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.

$289,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.4%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$36,835

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,932

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8804$1,9005$2,125
$2,125
RENT COMPS ANALYSIS
  • 1801 Lightwood Lane Nw Acworth, GA 2
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.79
    •  
  • 5204 Centennial Hill Drive Nw Acworth, GA 1
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2012
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.83
    •  
  • 1521 Dickens Place Nw Kennesaw, GA 3
    • 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 1995
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.87
    •  
  • 1400 Boxwood Trace Nw Acworth, GA 4
    • 5 beds 4 baths ∙ 2,316 Sqft ∙ Built 1980 5 beds 4 baths ∙ 2,316 Sqft ∙ Built 1980
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 4210 Glenaire Way Nw Acworth, GA 5
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1999
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.87
    •  
PROPERTY LISTING DETAILS
Michael Fridie
1.770.356.3974
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6833679
Last Updated: 01/30/2021
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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