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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

$1,530

$1,377 - $1,683

Rent Est.

$297,864  ( +6.38%)   1 YR EST. FORECAST

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

MARKET HIGHLIGHTS

  • #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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Ashley Glenn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8452009

* 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

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
$1,530
1$1,5302$1,5653$1,5814$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 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
Deborah Morton
1.678.230.2764
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6751272
Last Updated: 08/26/2020
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. © 2017 First Multiple Listing Service, Inc.

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