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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $169.99
- 4 Days on Market
- MLS # : 6821703
- Updated Date : 12/25/2020 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,500 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Move-in ready home with tons of upgrades! Enjoy outdoor living in your terraced, fenced backyard w/ patio, raised garden, slide, & rock wall! Large living area w/ hardwood floors & fireplace open to dining room & kitchen. 3 bedrooms & 2 full baths upstairs. Large owners suite w/ walk-in closet, bath w/ shower & garden tub. Bonus room perfect as a 4th bedroom, office, classroom, or playroom. Lake Park amenities include 2 swimming pools, clubhouse, tennis court, playground, & basketball court. Just minutes from schools, shopping, dining, parks. I-75/575, Peach Pass lanes.
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: Lake Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$282 | |
| Property Insurance | -$56 | |
| HOA | -$28 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$145
|
||
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.
$254,987
PROJECTED PRICE
$1,570
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,322
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,747 |
| Loan Amount | $191,240 |
7.08
YEARS SAVED
$25,224
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,376
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
2675 Lake Park Bend Acworth, GA 4
- 4 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,500 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,570
- $1.05
-
4430 High Gate Drive Nw Acworth, GA 1
- 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 2001
LEASED 03/08/20- Rent
- Rent Per SQFT
- $1,425
- $0.95
-
1078 Athena Court Acworth, GA 2
- 4 beds 3 baths ∙ 1,628 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,628 Sqft ∙ Built 1999
LEASED 12/21/19- Rent
- Rent Per SQFT
- $1,500
- $0.92
-
4603 Noah Ovlk E Acworth, GA 3
- 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 1999
LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,555
- $0.92
-
2743 Lake Park Ridge W Acworth, GA 5
- 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1999
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,600
- $0.88
PROPERTY LISTING DETAILS
1.770.361.7042
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6821703
Last Updated: 12/25/2020
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.
