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2375 Proctor Creek Enclave Acworth, GA 30101

4 Beds 3 Baths 2,488 sqft Built 2014

$285,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $114.55
  • 4 Days on Market
  • MLS # : 6838294
  • Updated Date : 02/12/2021 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,488 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This charming craftsman has new paint on exterior and interior finishes including hardwood floors, a sleek fireplace. At the heart of the home is the kitchen featuring stainless appliances, granite countertops, backsplash, a gas range stove, a kitchen island and a pantry. Open concept offers a view of the living room from the kitchen, plenty of space for seating and entertaining guests. An oversized master suite features beautiful tray ceilings, a private living area or a room for a home-office.

SEE MORE

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: Baker Station

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k228k

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

Neighborhood: Baker Station

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8751858

* 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$990
Property Tax -$330
Property Insurance -$75
HOA -$42
Property Management Fees -$119
CASH FLOW
$314

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.

$285,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.4%
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$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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$38,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,959

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8503$1,8704$1,9705$2,050
$2,050
RENT COMPS ANALYSIS
  • 2375 Proctor Creek Enclave Acworth, GA 3
    • 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.75
    •  
  • 2221 Dresden Green Nw Kennesaw, GA 1
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 2493 Insdale Trace Nw Acworth, GA 2
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1996
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 4004 Annandale Main Nw Kennesaw, GA 4
    • 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 1996
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.79
    •  
  • 2562 Fairlawn Downs Kennesaw, GA 5
    • 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 1998
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.86
    •  
PROPERTY LISTING DETAILS
Tamika Jackson
1.470.452.7930
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6838294
Last Updated: 02/12/2021
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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