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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $120.27
- 2 Days on Market
- MLS # : 6841123
- Updated Date : 02/20/2021 at 07:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,328 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
On the way to perfection! New architectural shingle roof, new windows throughout, inside newly painted and new carpets and flooring! WOW who could ask for more? Fabulous floor plan with spacious rooms. Oversized master plus 3 secondary bedrooms, separate living and dining rooms, eat-in kitchen is open to the family room. Amenities include pool, tennis, pavilion, lake and walking trails. Desirable family friendly subd near great schools, shopping, 75, 575 and the X-press entrance to 75. This house will be sold quickly so bring your pickiest buyers.
SEE MORE
- 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: Paces Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paces Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$310 | |
| Property Insurance | -$72 | |
| HOA | -$42 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$165
|
||
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.
$280,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
7
YEARS SAVED
$23,364
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,839
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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4311 Sugar Maple Chase Nw Acworth, GA 1
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- $1,680
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2221 Dresden Green Nw Kennesaw, GA 2
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- $1,695
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2493 Insdale Trace Nw Acworth, GA 3
- 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1996
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,850
- $0.73
-
4004 Annandale Main Nw Kennesaw, GA 4
- 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 1996
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,970
- $0.79
-
4210 Glenaire Way Nw Acworth, GA 5
- 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1999
LEASED 09/14/20- Rent
- Rent Per SQFT
- $2,125
- $0.87
PROPERTY LISTING DETAILS
1.678.617.3334
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6841123
Last Updated: 02/20/2021
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.
