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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $126.12
- 2 Days on Market
- MLS # : 6839059
- Updated Date : 02/13/2021 at 07:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,577 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Stunning traditional on beautiful private fenced lot! Fresh paint! Newer flooring, new fixtures! This home is move in ready! Perfect to grow a family in with a level fenced yard that is perfect for kids and dogs to play!! Neighborhood is family friendly w active HOA and features a jr Olympic size pool, fully furnished clubhouse and lighted tennis courts!Boasting some of Cobbs finest schools! What more could you want for this price! Hurry this beauty is sure to go fast!!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: The Hunt Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Hunt Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$287 | |
| Property Insurance | -$77 | |
| HOA | -$48 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$90
|
||
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.
$325,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
6.17
YEARS SAVED
$22,832
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,881
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
2164 Southbrook Ridge Nw Kennesaw, GA 3
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- Rent Per SQFT
- $1,750
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2648 Loring Road Nw Kennesaw, GA 1
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LEASED 01/29/21- Rent
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- $1,645
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-
3299 Long Meadow Pass Nw Kennesaw, GA 2
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LEASED 11/20/19- Rent
- Rent Per SQFT
- $1,650
- $0.72
-
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
-
2005 Signal Ridge Chase Nw Kennesaw, GA 5
- 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1986
LEASED 12/04/20- Rent
- Rent Per SQFT
- $2,145
- $0.75
PROPERTY LISTING DETAILS
1.770.315.3116
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6839059
Last Updated: 02/13/2021
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.
