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205 Zachary Woods Point Nw Marietta, GA 30064

3 Beds 3 Baths 2,800 sqft Built 1988

$290,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $103.57
  • 4 Days on Market
  • MLS # : 6857929
  • Updated Date : 03/25/2021 at 22:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,800 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome home to this well maintained raised ranch in Zachary Woods subdivision. Convenient to shopping, schools, and major highways, this home is ready to move in! Cute country kitchen with eat in area, has upgraded stainless steel appliances. The separate dining area could also be used as a home office. The generously sized family room has a beautiful fire place. The deck off the family room is new and ready for dinners outside. The owners suite has room for all your furniture, and an attached bath with separate tub/shower and double vanities.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Zachary Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Zachary Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Cheatham Hill Elementary School Primary Regular 1,109 73 7
Pine Mountain Middle School Middle Regular 698 48 6
Kennesaw Mountain High School High Regular 2,162 120 8

Cheatham Hill Elementary School

  • Education Level: Primary
  • # of students: 1,109
  • # of teachers: 73
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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,007
Property Tax -$459
Property Insurance -$81
HOA -$33
Property Management Fees -$119
CASH FLOW
$261

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.

$290,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$34,323

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,287

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$2,1253$2,2904$2,395
$2,395
RENT COMPS ANALYSIS
  • 205 Zachary Woods Point Nw Marietta, GA 1
    • 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.70
    •  
  • 2272 Camden Drive Sw Marietta, GA 2
    • 4 beds 4 baths ∙ 2,934 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,934 Sqft ∙ Built 1990
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.72
    •  
  • 2281 Sw Camden Drive Marietta, GA 3
    • 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 1994
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.81
    •  
  • 331 Ivy Manor Drive Nw Marietta, GA 4
    • 3 beds 3 baths ∙ 2,600 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,600 Sqft ∙ Built 2001
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.92
    •  
PROPERTY LISTING DETAILS
Shelly Hendry
1.404.392.7726
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6857929
Last Updated: 03/25/2021
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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