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4245 Wexford Downs Way Acworth, GA 30101

4 Beds 3 Baths 1,642 sqft Built 1995

$239,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $146.10
  • 4 Days on Market
  • MLS # : 6852050
  • Updated Date : 03/12/2021 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,642 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Location, location, location! Walking distance to historic downtown shopping and restaurants! This great starter home sits on a huge cul-de-sac lot with additional cul-de-sac road frontage in the rear for possible additional access. Enjoy the beautiful spring weather on the brand new wrap around rear deck. Lots of recent updates already made within the last 5 years including roof, HVAC, and water heater. With 3 bedrooms upstairs and a 4th bedroom in the basement there is room for everyone! A few cosmetic updates would make this your dream home!

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: Wexford Downs

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $88k228k

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

Neighborhood: Wexford Downs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7481603

* 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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$833
Property Tax -$265
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$264

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.

$239,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$33,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,519

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5403$1,6004$1,6455$1,650
$1,650
RENT COMPS ANALYSIS
  • 4245 Wexford Downs Way Acworth, GA 2
    • 4 beds 3 baths ∙ 1,642 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,642 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.94
    •  
  • 4222 Wexford Downs Way Acworth, GA 1
    • 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1996
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 1026 Pepper Circle Nw Acworth, GA 3
    • 5 beds 3 baths ∙ 1,843 Sqft ∙ Built 1999 5 beds 3 baths ∙ 1,843 Sqft ∙ Built 1999
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 4312 Brandy Ann Court Acworth, GA 4
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1993
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.96
    •  
  • 4304 Brandy Ann Court Acworth, GA 5
    • 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 1993
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
PROPERTY LISTING DETAILS
Christina Green
1.706.252.2112
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6852050
Last Updated: 03/12/2021
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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