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

3319 Hackmatack Drive Nw Kennesaw, GA 30152

4 Beds 3 Baths 2,471 sqft Built 2000

$359,953

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $145.67
  • 3 Days on Market
  • MLS # : 6849664
  • Updated Date : 03/06/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,471 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Priced Thousands Below Market! Buyer Bonus! 30 Day Discount! Hardwood Flooring Refinishing Allowance! Bright, Open Eat-In Kitchen With Stainless Appliances, Custom Counter Tops, Custom Sink, Breakfast Bar, Recessed Lights, Hardwood Floors and View To The 2 Story Great Room! The 2 Story Great Room Offers A Cozy Brick Fireplace, Hardwood Floors and Lighted Ceiling Fan! The Master On The Main Level Is Oversized With A Double Trey Ceiling, His & Hers Walk-In Closets and Hardwood Floors!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Tamarack Falls

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Tamarack Falls

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9192073

* 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
Bullard Elementary School Primary Regular 921 62 7
Mcclure Middle School Middle Regular 1,119 64 8
Kennesaw Mountain High School High Regular 2,162 120 8

Bullard Elementary School

  • Education Level: Primary
  • # of students: 921
  • # of teachers: 62
7
GreatSchools Rating

Mcclure Middle School

  • Education Level: Middle
  • # of students: 1,119
  • # of teachers: 64
8
GreatSchools Rating

Kennesaw Mountain High School

  • Education Level: High
  • # of students: 2,162
  • # of teachers: 120
8
GreatSchools Rating
 

$323,958$395,948$359,953

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,250
Property Tax -$318
Property Insurance -$75
HOA -$13
Property Management Fees -$119
CASH FLOW
$45

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.

$359,953

PROJECTED PRICE

$1,820

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.4%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,138

INVESTMENT

$101,138

Down Payment
$89,988
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,988
Loan Amount $269,965
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$21,375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,810

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8203$1,8504$1,8955$1,920
$1,920
RENT COMPS ANALYSIS
  • 3319 Hackmatack Drive Nw Kennesaw, GA 2
    • 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.74
    •  
  • 3002 Waterdance Drive Nw Kennesaw, GA 1
    • 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,578 Sqft ∙ Built 2003
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.68
    •  
  • 1971 Cobblewood Drive Nw Kennesaw, GA 3
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1996
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 1682 Stilesboro Ridge Drive Nw Kennesaw, GA 4
    • 3 beds 2 baths ∙ 2,398 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,398 Sqft ∙ Built 2003
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
  • 2172 Shillings Chase Drive Kennesaw, GA 5
    • 4 beds 4 baths ∙ 2,640 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,640 Sqft ∙ Built 1988
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.73
    •  
PROPERTY LISTING DETAILS
Brad Carlton
1.678.779.5161
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6849664
Last Updated: 03/06/2021
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.

BESbswy