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2665 Summerbrooke Drive Nw Kennesaw, GA 30152

4 Beds 3 Baths 2,184 sqft Built 1996

$325,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $148.81
  • 4 Days on Market
  • MLS # : 6858212
  • Updated Date : 03/27/2021 at 00:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,184 sqft
  • Baths : 3 full
Listing Agent's Description

Welcome home to a beautiful stucco home in a desirable Summerbrooke neighborhood. The spacious open concept has gleaming hardwood flooring throughout the main level. Master suite with hardwood floor and updated bathroom. All bathrooms have been updated with granite and tile. Kitchen has stainless steel appliances, granite counters and newer cabinets, tankless water heater, fully fenced private back yard, composite deck. Neighborhood amenities has swimming pool and tennis courts. Home is move in ready.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Summerbrooke

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Summerbrooke

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
Bullard Elementary School Primary Regular 921 62 7
Mcclure Middle School Middle Regular 1,119 64 8
Kennesaw Mountain High School High Regular 2,162 120 8

Bullard Elementary School

  • Education Level: Primary
  • # of students: 921
  • # of teachers: 62
7
GreatSchools Rating

Mcclure Middle School

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

Kennesaw Mountain High School

  • Education Level: High
  • # of students: 2,162
  • # of teachers: 120
8
GreatSchools Rating
 

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

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,129
Property Tax -$377
Property Insurance -$69
HOA -$45
Property Management Fees -$119
CASH FLOW
-$10

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

$1,730

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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-$4.0k-$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$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 50% 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

4.42

YEARS SAVED

$13,803

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,611

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5003$1,6504$1,6505$1,730
$1,730
RENT COMPS ANALYSIS
  • 2665 Summerbrooke Drive Nw Kennesaw, GA 5
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.79
    •  
  • 2702 Bent Creek Drive Nw Kennesaw, GA 1
    • 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1986
    property image
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 3219 Liberty Commons Drive Nw Kennesaw, GA 2
    • 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 2002
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.78
    •  
  • 3299 Long Meadow Pass Nw Kennesaw, GA 3
    • 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 1990
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 3236 Summer Stream Lane Nw Kennesaw, GA 4
    • 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2003
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
PROPERTY LISTING DETAILS
Tam Chu
1.404.384.0405
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6858212
Last Updated: 03/27/2021
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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