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2809 Amhurst Way Nw Kennesaw, GA 30144

4 Beds 3 Baths 2,274 sqft Built 1997

$317,300

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $139.53
  • 4 Days on Market
  • MLS # : 6833520
  • Updated Date : 01/30/2021 at 12:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,274 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Four bedrooms, two and a half baths situated on a level corner lot in Highcroft of Legacy Park. A stone's throw from the playground and a short walk to the central amenities - clubhouse, two pools, 11 lighted tennis courts, basketball, disc golf and private trails with a flowing creek, this house is one to call home. Updated throughout, the subway tile, granite and stainless appliances shine in the kitchen. Unique to the floorplan, the 2-story family room was enclosed to create a jumbo fourth bedroom with a walk in closet.

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: Highcroft

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Highcroft

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8902009

* 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
Big Shanty Intermediate School Primary Regular 760 55 6
Awtrey Middle School Middle Regular 805 53 7
North Cobb High School High Regular 2,856 143 7

Big Shanty Intermediate School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 55
6
GreatSchools Rating

Awtrey Middle School

  • Education Level: Middle
  • # of students: 805
  • # of teachers: 53
7
GreatSchools Rating

North Cobb High School

  • Education Level: High
  • # of students: 2,856
  • # of teachers: 143
7
GreatSchools Rating
 

$285,570$349,030$317,300

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,102
Property Tax -$368
Property Insurance -$71
HOA -$111
Property Management Fees -$119
CASH FLOW
-$1

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.

$317,300

PROJECTED PRICE

$1,770

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.7%
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-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,835

INVESTMENT

$89,835

Down Payment
$79,325
Rehab Estimate
$5,750
Closing Costs
$4,760

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,102

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,325
Loan Amount $237,975
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,899

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,7853$1,9004$1,9955$2,050
$2,050
RENT COMPS ANALYSIS
  • 2809 Amhurst Way Nw Kennesaw, GA 1
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.78
    •  
  • 3109 Bridgewalk Trail Acworth, GA 2
    • 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,331 Sqft ∙ Built 2003
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.77
    •  
  • 3842 Kirkwood Run Nw Kennesaw, GA 3
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1997
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 3949 Lullwater Main Kennesaw, GA 4
    • 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 1996
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 2562 Fairlawn Downs Kennesaw, GA 5
    • 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 1998
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kristina Bouterse
1.678.451.5548
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6833520
Last Updated: 01/30/2021
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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