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2020 Maple Ridge Drive Drive Acworth, GA 30101

3 Beds 3 Baths 1,642 sqft Built 1999

$255,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $155.30
  • 5 Days on Market
  • MLS # : 6802618
  • Updated Date : 10/31/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,642 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Great swim/tennis subdivision! Move in ready home with open floor plan. 2 story great room, eat in kitchen, separate dining room, and 1/2 bath on main level. Upstairs features master bedroom and bathroom with double vanities, garden tub/separate shower, and large walk-in closet. Two secondary bedrooms and full bathroom complete the upstairs. Private backyard with patio. New paint and flooring throughout. Great location - close to I-75, shopping, and parks!

SEE MORE

MARKET HIGHLIGHTS

  • #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: Paces Club

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $103k233k

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

Neighborhood: Paces Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8751603

* 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
Baker Elementary School Primary Regular 774 59 9
Barber Middle School Middle Regular 959 56 7
North Cobb High School High Regular 2,856 143 7

Baker Elementary School

  • Education Level: Primary
  • # of students: 774
  • # of teachers: 59
9
GreatSchools Rating

Barber Middle School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 56
7
GreatSchools Rating

North Cobb High School

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

$229,500$280,500$255,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$941
Property Tax -$282
Property Insurance -$59
HOA -$42
Property Management Fees -$119
CASH FLOW
$148

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.

$255,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.8%
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$200k$400k$600k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$25,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,585

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5904$1,5955$1,635
$1,635
RENT COMPS ANALYSIS
  • 2020 Maple Ridge Drive Drive Acworth, GA 3
    • 3 beds 3 baths ∙ 1,642 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,642 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.97
    •  
  • 4152 Glenaire Way Nw Acworth, GA 1
    • 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1999
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 3847 Sunview Drive Nw Acworth, GA 2
    • 3 beds 3 baths ∙ 1,524 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,524 Sqft ∙ Built 1996
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 4271 Clearvista Court Nw Acworth, GA 4
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1999
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 4160 Glenaire Way Nw Acworth, GA 5
    • 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1999
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $1.00
    •  
PROPERTY LISTING DETAILS
Sanders Team
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802618
Last Updated: 10/31/2020
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. © 2017 First Multiple Listing Service, Inc.

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