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2003 Jebs Court Kennesaw, GA 30144

3 Beds 2 Baths 1,390 sqft Built 1985

$195,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $140.29
  • 4 Days on Market
  • MLS # : 6855506
  • Updated Date : 03/19/2021 at 13:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,390 sqft
  • Baths : 2 full
Listing Agent's Description

FULLY renovated 3 Bedroom/2 Bathroom Townhome in the heart of Kennesaw. Brand new stainless steel appliances. Master on main with 2 additional bedrooms upstairs. Each level has a full bathroom. Completely private, fenced, backyard is very peaceful. 2 car parking pad. No HOA = no rental restrictions. Great location with easy access to I-75, Cobb Parkway, Chastain Rd, Kennesaw State University and a short walk to downtown Kennesaw. Property tax doesn’t reflect homestead exemption.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Kennesaw Woods

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k239k

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

Neighborhood: Kennesaw Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7871723

* 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
Big Shanty Intermediate School Primary Regular 760 55 6
Palmer Middle School Middle Regular 1,030 56 9
North Cobb High School High Regular 2,856 143 7

Big Shanty Intermediate School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 55
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
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$677
Property Tax -$226
Property Insurance -$54
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.

$195,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$23,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,338

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3503$1,4254$1,4505$1,535
$1,535
RENT COMPS ANALYSIS
  • 2003 Jebs Court Kennesaw, GA 1
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.91
    •  
  • 1634 Carrie Farm Lane Nw Kennesaw, GA 2
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 1987
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
  • 2556 Kennesaw Springs Court Nw Kennesaw, GA 3
    • 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1990
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.00
    •  
  • 2002 Smith Drive Nw Kennesaw, GA 4
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1974
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 1014 Darvin Lane Kennesaw, GA 5
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1987
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.94
    •  
PROPERTY LISTING DETAILS
Agni Helm
1.678.471.2397
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6855506
Last Updated: 03/19/2021
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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