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307 Queensbury Walk Acworth, GA 30102

4 Beds 3 Baths 2,464 sqft Built 1995

$264,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $107.51
  • 5 Days on Market
  • MLS # : 6802631
  • Updated Date : 11/02/2020 at 07:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,464 sqft
  • Baths : 3 full
Listing Agent's Description

Super cute, cozy, clean home just minutes from everything! This 4-bedroom, 3 full bathroom house has tons of room plus an additional bonus room/den! Fenced-in backyard with double deck. New water heater and HVAC. This home is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Queensbury Orchard

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $103k233k

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

Neighborhood: Queensbury Orchard

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621643

* 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
Oak Grove Elementary School Fine Arts Academy Primary Regular 603 40 5
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Oak Grove Elementary School Fine Arts Academy

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 40
5
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$977
Property Tax -$216
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
$453

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.

$264,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

12.67

YEARS SAVED

$62,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,039

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,835
1$1,8352$1,8403$1,9004$1,9455$1,950
$1,950
RENT COMPS ANALYSIS
  • 307 Queensbury Walk Acworth, GA 2
    • 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.75
    •  
  • 1627 Eagle Drive Woodstock, GA 1
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1999
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.84
    •  
  • 315 Victory Commons Overlook Drive Acworth, GA 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2004
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.85
    •  
  • 1004 Atherton Lane Woodstock, GA 4
    • 3 beds 3 baths ∙ 2,335 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,335 Sqft ∙ Built 1985
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.83
    •  
  • 400 Mirramont Lane Woodstock, GA 5
    • 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2001
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
PROPERTY LISTING DETAILS
Stephanie Losey
1.770.313.7593
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6802631
Last Updated: 11/02/2020
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. © 2017 First Multiple Listing Service, Inc.

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