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2597 Centennial Commons Bluff Acworth, GA 30102

3 Beds 3 Baths 1,908 sqft Built 2003

$270,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $141.51
  • 6 Days on Market
  • MLS # : 6812617
  • Updated Date : 11/27/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,908 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful home- feels like brand new! Master on main. Two additional bedrooms and full bath upstairs. Spacious family room with fireplace. Dining room and sunroom. New carpet, new refrigerator and new a/c. Fenced in backyard! Two car garage. Large corner lot. Wonderful swim and tennis neighborhood! This home is also available to purchase fully furnished for $280,000- all the furnishings are only two years old but feel brand new! More details can be provided if interested.

SEE MORE

MARKET HIGHLIGHTS

  • 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 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)
  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)

PRICE & RENT TRENDS

Neighborhood: Centennial Commons

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Centennial Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8402009

* 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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$996
Property Tax -$298
Property Insurance -$64
HOA -$88
Property Management Fees -$119
CASH FLOW
-$26

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.

$270,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.7%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,614

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5753$1,6004$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 2597 Centennial Commons Bluff Acworth, GA 1
    • 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.81
    •  
  • 2696 Douglas Court Nw Acworth, GA 2
    • 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 1986
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.83
    •  
  • 1957 Morning Walk Nw Acworth, GA 3
    • 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 1992
    property image
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 2595 Centennial Commons Bluff Acworth, GA 4
    • 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 2003
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 4952 Braeburn Trace Nw Acworth, GA 5
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1988
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
PROPERTY LISTING DETAILS
Lynn Holland
1.678.360.6208
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6812617
Last Updated: 11/27/2020
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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