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2675 Lake Park Bend Acworth, GA 30101

4 Beds 3 Baths 1,500 sqft Built 1999

$254,987

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
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

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: Lake Park

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k228k

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

Neighborhood: Lake Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8061603

* 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
Acworth Intermediate School Primary Regular 744 58 5
Barber Middle School Middle Regular 959 56 7
North Cobb High School High Regular 2,856 143 7

Acworth Intermediate School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 58
5
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
 

$229,488$280,486$254,987

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$73,322

INVESTMENT

$73,322

Down Payment
$63,747
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,747
Loan Amount $191,240
See What Happens When You Reinvest Cash Flow

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
$1,425
1$1,4252$1,5003$1,5554$1,5705$1,600
$1,600
RENT COMPS ANALYSIS
  • 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
Jeff Little
1.770.361.7042
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821703
Last Updated: 12/25/2020
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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