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4114 Dustin Drive Acworth, GA 30101

2 Beds 1 Baths 1,232 sqft Built 1985

$180,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $146.10
  • 2 Days on Market
  • MLS # : 6821937
  • Updated Date : 12/26/2020 at 22:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,232 sqft
  • Baths : 1 full
Listing Agent's Description

Quaint 2 bed/ 1 bath ranch home located in the heart of Acworth. Walking distance to downtown and easy access to I75. Leveled fenced backyard with a 2 story shed/workshop. Hardwoods throughout except for bathroom and kitchen. Hurry in!! You do not want to miss this one! Home is being sold as is.

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

Neighborhood: Park Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $67k321k

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

Neighborhood: Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700180019002000Rent in $6982009

* 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
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$664
Property Tax -$199
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$157

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.

$180,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.4%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$26,560

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,277

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1903$1,3504$1,495
$1,495
RENT COMPS ANALYSIS
  • 4114 Dustin Drive Acworth, GA 2
    • 2 beds 1 baths ∙ 1,232 Sqft ∙ Built 1985 2 beds 1 baths ∙ 1,232 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.97
    •  
  • 324 Windcroft Circle Nw Acworth, GA 1
    • 2 beds 3 baths ∙ 1,286 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,286 Sqft ∙ Built 1999
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.82
    •  
  • 4392 Overlook Drive Acworth, GA 3
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 1993
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.11
    •  
  • 3274 Liberty Commons Drive Nw Kennesaw, GA 4
    • 2 beds 2 baths ∙ 1,264 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,264 Sqft ∙ Built 2001
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
PROPERTY LISTING DETAILS
Deidra Greer
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821937
Last Updated: 12/26/2020
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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