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4077 Maxanne Drive Nw Kennesaw, GA 30144

3 Beds 2 Baths 1,362 sqft Built 1984

$266,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $195.30
  • 7 Days on Market
  • MLS # : 6835092
  • Updated Date : 02/02/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,362 sqft
  • Baths : 2 full
Listing Agent's Description

This Kennesaw two-story home offers granite countertops, and a two-car garage. This home is vacant and cleaned regularly.

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

Neighborhood: Booth Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $96k321k

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

Neighborhood: Booth Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7782009

* 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
Chalker Elementary School Primary Regular 668 45 8
Palmer Middle School Middle Regular 1,030 56 9
Kell High School High Regular 1,548 83 7

Chalker Elementary School

  • Education Level: Primary
  • # of students: 668
  • # of teachers: 45
8
GreatSchools Rating

Palmer Middle School

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 56
9
GreatSchools Rating

Kell High School

  • Education Level: High
  • # of students: 1,548
  • # of teachers: 83
7
GreatSchools Rating
 

$239,400$292,600$266,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$924
Property Tax -$235
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$32

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.

$266,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.49%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

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$76,240

INVESTMENT

$76,240

Down Payment
$66,500
Rehab Estimate
$5,750
Closing Costs
$3,990

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$924

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,500
Loan Amount $199,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,297

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3953$1,4954$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 4077 Maxanne Drive Nw Kennesaw, GA 1
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.95
    •  
  • 9 Hartley Woods Drive Ne Kennesaw, GA 2
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1984
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 4756 Overhill Court Nw Acworth, GA 3
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1986
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
  • 4167 Oak Ferry Drive Ne Kennesaw, GA 4
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1976
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 4055 Cripple Creek Drive Nw Kennesaw, GA 5
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1983
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
PROPERTY LISTING DETAILS
Kim Klir
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6835092
Last Updated: 02/02/2021
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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