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3883 Nowlin Road Kennesaw, GA 30144

3 Beds 2 Baths 1,828 sqft Built 1989

$239,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $130.74
  • 3 Days on Market
  • MLS # : 6856376
  • Updated Date : 03/20/2021 at 17:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,828 sqft
  • Baths : 2 full
Listing Agent's Description

What a canvas! This huge, ranch home already has newer appliances and a 10 year old roof. Vinyl siding, soffits and stacked stone chimney in last 4 years. Soaring vaulted ceilings in the fireside den complete with a wet/cocktail bar. Kitchen with newer stainless steel appliances including refrigerator and w/d. Vaulted Master Bedroom. Sits perfectly in the cul-de-sac. Walk to schools or enjoy the coming live/work/play community of downtown Kennesaw. Great house with so much living space that you can move into and make your own with just a few touches! Hurry!

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: North Indian Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k321k

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

Neighborhood: North Indian Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8252009

* 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
Big Shanty Intermediate School Primary Regular 760 55 6
Awtrey Middle School Middle Regular 805 53 7
North Cobb High School High Regular 2,856 143 7

Big Shanty Intermediate School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 55
6
GreatSchools Rating

Awtrey Middle School

  • Education Level: Middle
  • # of students: 805
  • # of teachers: 53
7
GreatSchools Rating

North Cobb High School

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

$215,100$262,900$239,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$830
Property Tax -$211
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$357

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.

$239,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.0%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

12.33

YEARS SAVED

$46,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,718

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5803$1,8404$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 3883 Nowlin Road Kennesaw, GA 2
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.86
    •  
  • 4002 Mcdowell Drive Acworth, GA 1
    • 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,672 Sqft ∙ Built 2003
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 3033 Langley Close Nw Kennesaw, GA 3
    • 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 1997
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.94
    •  
  • 3433 Palm Circle Nw Kennesaw, GA 4
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2003
    property image
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.96
    •  
  • 3634 Bancroft Main Nw Kennesaw, GA 5
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1998
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.99
    •  
PROPERTY LISTING DETAILS
Teena Regan
1.770.596.6737
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6856376
Last Updated: 03/20/2021
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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