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

4045 Worth Street Nw Acworth, GA 30101

3 Beds 3 Baths 1,412 sqft Built 1962

INVESTimate

$250,000

List Price

$1,410

$1,269 - $1,551

Rent Est.

$265,950  ( +6.38%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1962
  • Price/Sqft : $177.05
  • 115 Days on Market
  • MLS # : 6622909
  • Updated Date : 08/17/2020 at 22:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,412 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Great Property 4 sided ranch close in to downtown Acworth. This Property is great for an investor property and will be sold with another property zoned Commercial 3 located on the corner of South main st. and Worth St NW. Tenants in property PLEASE DO NOT Disturb. Assemblage was approved by the city for a Retail Fuel center with C-Store. Other retail products with drive through is a strong possibility.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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: 30101

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30101

ZipNIR 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
 

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

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$922
Property Tax -$276
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$38

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

$1,410

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.38%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

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 45% 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

5.58

YEARS SAVED

$18,128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,341

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,3953$1,410
$1,410
RENT COMPS ANALYSIS
  • 4045 Worth Street Nw Acworth, 3
    • 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $1.00
    •  
  • 4309 Hillcrest Drive Acworth, 1
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1954
    property image
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.70
    •  
  • 3492 Memorial Parkway Nw Kennesaw, 2
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1976
    property image
    LEASED 01/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.20
    •  
PROPERTY LISTING DETAILS
Larry Dibiase
1.770.331.8204
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6622909
Last Updated: 08/17/2020
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.

BESbswy