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271 Dillard Drive Ne Kennesaw, GA 30144

3 Beds 2 Baths 2,687 sqft Built 1968

$289,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $107.89
  • 2 Days on Market
  • MLS # : 6837127
  • Updated Date : 02/06/2021 at 21:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,687 sqft
  • Baths : 2 full
Listing Agent's Description

IMMACULATE UPDATED FOUR SIDED BRICK RANCH WITH FINISHED BASEMENT. THE MAIN LEVEL INCLUDES 3BR/2BA,OPEN LIVING DINING ROOM FLOOR PLAN WITH EXPOSED NATURAL BEAM & STONE FIREPLACE. THE COZY SCREENED IN PORCH OVERLOOKS THE DECK AND PROFESSIONALLY LANDSCAPED FENCED BACK YARD. UPDATED KITCHEN OFFERS STAINLESS APPLIANCES WITH SOLID SURFACE COUNTERTOPS. BEAUTIFUL HARDWOOD FLOORS AND PLANTATION SHUTTERS ARE INCLUDED THROUGHOUT THE MAIN LEVEL.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Maggie Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $103k321k

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

Neighborhood: Maggie Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7912009

* 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
Blackwell Elementary School Primary Regular 726 52 8
Daniell Middle School Middle Regular 952 52 7
Sprayberry High School High Regular 1,761 104 7

Blackwell Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 52
8
GreatSchools Rating

Daniell Middle School

  • Education Level: Middle
  • # of students: 952
  • # of teachers: 52
7
GreatSchools Rating

Sprayberry High School

  • Education Level: High
  • # of students: 1,761
  • # of teachers: 104
7
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,007
Property Tax -$256
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
$39

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.

$289,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.0%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$17,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $1,523

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5003$1,5754$1,650
$1,650
RENT COMPS ANALYSIS
  • 271 Dillard Drive Ne Kennesaw, GA 2
    • 3 beds 2 baths ∙ 2,687 Sqft ∙ Built 1968 3 beds 2 baths ∙ 2,687 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.56
    •  
  • 618 Kelly Drive Marietta, GA 1
    • 3 beds 2 baths ∙ 2,728 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,728 Sqft ∙ Built 1963
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.51
    •  
  • 62 Lake Latimer Drive Ne Kennesaw, GA 3
    • 3 beds 3 baths ∙ 2,957 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,957 Sqft ∙ Built 1984
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.53
    •  
  • 4127 Cripple Creek Way Nw Kennesaw, GA 4
    • 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1988
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.66
    •  
PROPERTY LISTING DETAILS
Terri Lambert
1.706.260.7500
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6837127
Last Updated: 02/06/2021
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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