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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $199.30
- 3 Days on Market
- MLS # : 6836836
- Updated Date : 02/06/2021 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,430 sqft
- Baths : 3 full
Listing Agent's Description
COME AND GET IT! Awesome Ranch with a full basement. A lot of upgrades so don't be late. 3 beds 3 full baths. New paint inside and out, new kitchen cabinets, new granite countertops and backsplash, new sink and faucet, stainless steel appliances, new hardwood flooring, new carpet new deck, new light fixtures, new front and back entrance doors, new blinds, new glass bathroom shower doors, new bathroom cabinets, fresh landscaping. If you add the basement square footage, it doubles the square feet of the home. NO HOA!
SEE MORE
- #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: Shiloh Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shiloh Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$252 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$36
|
||
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.
$285,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
4.33
YEARS SAVED
$11,893
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,362
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
287 Nw Shallowford Road Kennesaw, GA 1
- 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1973 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,380
- $0.97
-
4756 Overhill Court Nw Acworth, GA 2
- 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1986
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,495
- $0.93
-
4167 Oak Ferry Drive Ne Kennesaw, GA 3
- 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1976
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,500
- $0.95
-
4055 Cripple Creek Drive Nw Kennesaw, GA 4
- 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1983
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,595
- $0.97
-
4993 Shallow Ridge Road Ne Kennesaw, GA 5
- 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1987
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,649
- $0.96
PROPERTY LISTING DETAILS
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6836836
Last Updated: 02/06/2021
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.
