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2705 Nw Kaley Lane Nw Kennesaw, GA 30152

5 Beds 4 Baths 2,334 sqft Built 1996

$342,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $146.53
  • 4 Days on Market
  • MLS # : 6833123
  • Updated Date : 01/31/2021 at 01:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,334 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Beautiful Brick Front Traditional Home on a Quiet Cul de sac Lot In Popular Chandler Ridge Subdvision. Formal Living & Dining Rm.... Family Rm w/Fireplace Is Open To Gorgeous Kitchen, Stainless Steel Appliances w/Granite Counertops & Breakfast Area. Two Story deck & Screen In Patio Over Looking Fence Backyard. 4 Bdrms Are Upstairs 2 Downstairs in Finish Basement. Neighborhood Amenities Includes Pool & Tennis. Great Location Minutes Away From Shopping, Restaurants, And More. Hurry! This Beautiful Home Won't Last!

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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)
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: Chandler Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Chandler Ridge

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
 

$307,800$376,200$342,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,188
Property Tax -$302
Property Insurance -$72
HOA -$33
Property Management Fees -$119
CASH FLOW
$136

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.

$342,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.4%
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

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$96,380

INVESTMENT

$96,380

Down Payment
$85,500
Rehab Estimate
$5,750
Closing Costs
$5,130

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,500
Loan Amount $256,500
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$28,258

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,797

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,615
1$1,6152$1,6503$1,7954$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 2705 Nw Kaley Lane Nw Kennesaw, GA 4
    • 5 beds 4 baths ∙ 2,334 Sqft ∙ Built 1996 5 beds 4 baths ∙ 2,334 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 3614 Allyn Drive Nw Kennesaw, GA 1
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2000
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,615
    • $0.79
    •  
  • 3299 Long Meadow Pass Nw Kennesaw, GA 2
    • 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 1990
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 1918 Westover Lane Nw Kennesaw, GA 3
    • 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 1999
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 3114 Fieldstone Court Nw Kennesaw, GA 5
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1998
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.77
    •  
PROPERTY LISTING DETAILS
Karen Coney
1.404.514.1255
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6833123
Last Updated: 01/31/2021
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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