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2164 Southbrook Ridge Nw Kennesaw, GA 30152

4 Beds 3 Baths 2,577 sqft Built 1994

$325,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
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!!

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MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: The Hunt Club

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
Lewis Elementary School Primary Regular 704 52 6
Mcclure Middle School Middle Regular 1,119 64 8
Allatoona High School High Regular 1,820 93 9

Lewis Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 52
6
GreatSchools Rating

Mcclure Middle School

  • Education Level: Middle
  • # of students: 1,119
  • # of teachers: 64
8
GreatSchools Rating

Allatoona High School

  • Education Level: High
  • # of students: 1,820
  • # of teachers: 93
9
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

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

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

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
$1,645
1$1,6452$1,6503$1,7504$1,8505$2,145
$2,145
RENT COMPS ANALYSIS
  • 2164 Southbrook Ridge Nw Kennesaw, GA 3
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.68
    •  
  • 2648 Loring Road Nw Kennesaw, GA 1
    • 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 1995
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.72
    •  
  • 3299 Long Meadow Pass Nw Kennesaw, GA 2
    • 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 1990
    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
Sally M Payne
1.770.315.3116
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839059
Last Updated: 02/13/2021
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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