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27 Fitzroy Lane Acworth, GA 30101

5 Beds 3 Baths 2,842 sqft Built 2017

$359,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $126.32
  • 2 Days on Market
  • MLS # : 6806200
  • Updated Date : 11/07/2020 at 20:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,842 sqft
  • Baths : 3 full
Listing Agent's Description

Sought after Bentwater neighborhood with all the amenities and easy access to Hwy 41. Kitchen has large prep area and extra seating available at bar. Breakfast area is large enough to seat six. Tall cabinets with unique finish. Walk in corner pantry. Family room with stacked stone fireplace surround and open view to kitchen and breakfast area. Large mud room with buiilt in storage cubbies. Guest room on main level with full bathroom. Master bedroom upstairs with trey ceiling. Large master bathroom with separate tub and double tiled shower.

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

Zip Code: 30101

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30101

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8752009

* 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
Burnt Hickory Elementary School Primary Regular 896 54 8
Mcclure Middle School Middle Regular 1,166 62 8
North Paulding High School High Regular 2,034 91 7

Burnt Hickory Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 54
8
GreatSchools Rating

Mcclure Middle School

  • Education Level: Middle
  • # of students: 1,166
  • # of teachers: 62
8
GreatSchools Rating

North Paulding High School

  • Education Level: High
  • # of students: 2,034
  • # of teachers: 91
7
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,325
Property Tax -$317
Property Insurance -$82
HOA -$63
Property Management Fees -$119
CASH FLOW
$125

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.

$359,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$32,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,997

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,9953$2,0004$2,0305$2,100
$2,100
RENT COMPS ANALYSIS
  • 27 Fitzroy Lane Acworth, GA 4
    • 5 beds 3 baths ∙ 2,842 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,842 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.71
    •  
  • 733 Flagstone Way Acworth, GA 1
    • 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 2003
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.58
    •  
  • 182 Crown Vista Way Dallas, GA 2
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2015
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 132 Rushing Creek Trail Trail Dallas, GA 3
    • 5 beds 4 baths ∙ 3,120 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,120 Sqft ∙ Built 2019
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.64
    •  
  • 266 Harmony Circle Acworth, GA 5
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2017
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Rhonda Yearwood
1.770.315.7185
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806200
Last Updated: 11/07/2020
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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