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3102 Delacorte Drive Acworth, GA 30101

4 Beds 3 Baths 2,869 sqft Built 2005

$309,999

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $108.05
  • 3 Days on Market
  • MLS # : 6834258
  • Updated Date : 01/30/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,869 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Move In Ready! Perfect home with 4 bedrooms, 2 and half baths. It is located in beautiful Huddlestone Bridge subdivision. 2 fireplaces make a cozy and nice feeling during winter time. New inside painting makes the house fresh looking, and new roof with 30 years warranty provided by the construction company. Home is well cared with termite warranty up to $250,000. 3 years old wooden floors look like new. Master bedroom has a lounge and its own fireplace. Good spaces make people feeling comfortable and lots of windows allow daylighting comes into the house.

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: Huddlestone Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Huddlestone Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8752009

* 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
Acworth Intermediate School Primary Regular 744 58 5
Barber Middle School Middle Regular 959 56 7
North Cobb High School High Regular 2,856 143 7

Acworth Intermediate School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 58
5
GreatSchools Rating

Barber Middle School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 56
7
GreatSchools Rating

North Cobb High School

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

$278,999$340,999$309,999

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,077
Property Tax -$343
Property Insurance -$83
HOA -$63
Property Management Fees -$119
CASH FLOW
$77

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.

$309,999

PROJECTED PRICE

$1,760

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
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$16k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,499
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$19,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,951

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7603$1,8004$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 3102 Delacorte Drive Acworth, GA 2
    • 4 beds 3 baths ∙ 2,869 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,869 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.61
    •  
  • 4948 Pippin Drive Nw Acworth, GA 1
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 1995
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 4025 Forest Grove Pass Nw Acworth, GA 3
    • 5 beds 3 baths ∙ 2,922 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,922 Sqft ∙ Built 2003
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.62
    •  
  • 2493 Insdale Trace Nw Acworth, GA 4
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1996
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 3817 Aspen Springs Nw Kennesaw, GA 5
    • 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 2013
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jane Wang
1.678.522.6323
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6834258
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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