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2015 Cobblewood Drive Nw Kennesaw, GA 30152

3 Beds 3 Baths 2,291 sqft Built 1997

$314,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $137.45
  • 3 Days on Market
  • MLS # : 6834233
  • Updated Date : 01/30/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,291 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Very nice, well maintained brick front home/great location. Desired schools, close to convenience. Sits on a culdesac lot, has a wooded back yd, full unfinished bsmnt. Hdwd entry & hall, 2 story family rm w/ brick fireplace. HUGE 2 stry windows. Office/4th bedrm space on the main/playroom. Kitchen has tile floors, brkfst area, & all appliances remain. Catwalk up w/view of fam. room. Huge master bdrm w/large window. Master bath has garden tub, separate vanities and shower. Linen closet in bath. His/her closets. Laundry/ up, two secondary bedrms good size.

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: Bristol Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Bristol Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9192009

* 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
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,094
Property Tax -$278
Property Insurance -$71
HOA -$9
Property Management Fees -$119
CASH FLOW
$109

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.

$314,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.4%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$24,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6803$1,7954$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 2015 Cobblewood Drive Nw Kennesaw, GA 2
    • 3 beds 3 baths ∙ 2,291 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,291 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.73
    •  
  • 2612 Marleigh Farm Road Nw Kennesaw, GA 1
    • 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1993
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 1918 Westover Lane Nw Kennesaw, GA 3
    • 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1999
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 1971 Cobblewood Drive Nw Kennesaw, GA 4
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1996
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 1682 Stilesboro Ridge Drive Nw Kennesaw, GA 5
    • 3 beds 2 baths ∙ 2,398 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,398 Sqft ∙ Built 2003
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
PROPERTY LISTING DETAILS
Cheryl Wheatley
1.770.826.7654
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6834233
Last Updated: 01/30/2021
support@investimateroi.com

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