Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $134.51
- 3 Days on Market
- MLS # : 6818647
- Updated Date : 12/19/2020 at 08:13
CONSTRUCTION
- Beds : 4
- Floor Size : 2,156 sqft
- Baths : 2 full
Listing Agent's Description
Beautiful renovation in quiet established neighborhood. This charming open concept home with over a half acre private lot and long level driveway features new – roof, windows, kitchen with white shaker cabinets, granite countertops, backsplash and stainless appliances, plumbing and electrical fixtures, paint inside and out, updated baths, flooring, garage opener and more. Relax in front of your beautiful painted brick fireplace or on your large rear deck. Great finished basement space with bonus rooms and additional bedroom. You’ll be proud to call it home! Sought
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Salem Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Salem Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$237 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$46
|
||
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.
$290,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.38% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,600
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
5.83
YEARS SAVED
$22,467
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,321
COMP ESTIMATED VALUE -
$0.61
COMP AVG. RENT PER SQFT
Comps Range
-
2986 Creekstone Drive Acworth, GA 4
- 4 beds 2 baths ∙ 2,156 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,156 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $1,540
- $0.71
-
3259 Plantation Road Acworth, GA 1
- 3 beds 2 baths ∙ 2,174 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,174 Sqft ∙ Built 1979
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,200
- $0.55
-
3408 Spinnaker Way Acworth, GA 2
- 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 1986
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,475
- $0.60
-
6183 Brookside Lane Acworth, GA 3
- 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1986
LEASED 08/19/19- Rent
- Rent Per SQFT
- $1,500
- $0.66
-
2993 Cedar Mill Crossing Acworth, GA 5
- 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 1987
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,600
- $0.64
PROPERTY LISTING DETAILS
1.770.490.4180
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6818647
Last Updated: 12/19/2020
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.
