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2482 Insdale Trace Nw 
Acworth, GA
30101
3 Beds 3 Baths 1,848 sqft
Built 1996
INVESTimate
$280,000
List Price
$79,950
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PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $151.52
- 12 Days on Market
- MLS # : 6751272
- Updated Date : 08/26/2020 at 00:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,848 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
UPDATED with a modern feel! Allergy sensitive? You found the right home. Main living area is open and freshly updated. Gorgeous tile floor, fixtures, plantation shutters throughout and the right color palette create a Welcome Home feeling the minute you enter. The updated island and cabinets in the kitchen adorned with beautiful granite and new stainless steel Samsung appliances overlooks the family room and fireplace. The dining room is large enough to entertain, or create a true Home office for virtual work. Hypo allergenic carpet upstairs, with the continued soothing
SEE MORE
- #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: Ashley Glenn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ashley Glenn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$310 | |
| Property Insurance | -$63 | |
| HOA | -$21 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$15
|
||
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.
$280,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 6.38% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
4.5
YEARS SAVED
$14,865
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,566
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2482 Insdale Trace Nw Acworth, 1
- 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,530
- $0.83
-
2082 Clearvista Drive Nw Acworth, 2
- 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 1999
LEASED 09/24/19- Rent
- Rent Per SQFT
- $1,565
- $0.79
-
4236 Clearvista Lane Acworth, 3
- 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 1999
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,581
- $0.80
-
2105 Hamby Cove Drive Nw Acworth, 4
- 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,812 Sqft ∙ Built 2005
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,600
- $0.88
-
2473 Insdale Trace Nw Acworth, 5
- 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1996
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,650
- $0.92
PROPERTY LISTING DETAILS
1.678.230.2764
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6751272
Last Updated: 08/26/2020
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.
