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36 Mariner Way Se Acworth, GA 30102

4 Beds 3 Baths 2,068 sqft Built 1996

$250,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $120.89
  • 8 Days on Market
  • MLS # : 6801925
  • Updated Date : 10/29/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,068 sqft
  • Baths : 3 full
Listing Agent's Description

Come and see this spacious home in a quiet Acworth Community. Just minutes from I-75 and thriving downtown Acworth, you will be close to everything but have the privacy of a spacious lot on a quiet street. This community offers easy trail access to Lake Allatoona, and is close to several marinas and boat ramps! This well maintained home offers a spacious living area along with a large upper bedroom, which has its own bath. From the kitchen you can walk out to the deck and enjoy the spacious yard lined with trees. Come and see what Acworth has to offer!

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

Zip Code: 30102

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k228k

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

Zip Code: 30102

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8021603

* 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
Allatoona Elementary School Primary Regular 465 33 4
South Central Middle School Middle Regular 638 44 4
Woodland High School High Regular 1,689 99 5

Allatoona Elementary School

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 33
4
GreatSchools Rating

South Central Middle School

  • Education Level: Middle
  • # of students: 638
  • # of teachers: 44
4
GreatSchools Rating

Woodland High School

  • Education Level: High
  • # of students: 1,689
  • # of teachers: 99
5
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$922
Property Tax -$194
Property Insurance -$67
HOA -$17
Property Management Fees -$119
CASH FLOW
$251

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.

$250,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.4%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$39,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,515

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,5504$1,5705$1,650
$1,650
RENT COMPS ANALYSIS
  • 36 Mariner Way Se Acworth, GA 4
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.76
    •  
  • 6183 Brookside Lane Acworth, GA 1
    • 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
    •  
  • 4616 Liberty Square Drive Acworth, GA 2
    • 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 2004
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
  • 3515 Robin Lane Acworth, GA 3
    • 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 1992
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
  • 4640 Liberty Square Drive Acworth, GA 5
    • 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 2004
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
PROPERTY LISTING DETAILS
Tanner Davis
1.678.389.1010
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6801925
Last Updated: 10/29/2020
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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