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4475 High Gate Drive Drive Nw Acworth, GA 30101

3 Beds 3 Baths 1,332 sqft Built 1996

$245,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $183.93
  • 5 Days on Market
  • MLS # : 6827212
  • Updated Date : 01/16/2021 at 20:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,332 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome, Home! You will love this home the second you walk in! The beautiful great room opens into the dining room and kitchen. The large patio and fenced-in back yard are great to relax and entertain in. Retreat to your Master Suite with shiplap walls and a large master closet. It's simply gorgeous! Minutes to downtown Acworth, Kennesaw & KSU. Legacy Park amenities include 4 pools, 11 tennis courts, 12 playgrounds, a 117-acre park, sports fields & leagues, disc golf, bike paths, gym, clubhouse, amphitheater, & community events.

SEE MORE

MARKET HIGHLIGHTS

  • #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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: Northgate at Legacy Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Northgate at Legacy Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8272009

* 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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$851
Property Tax -$271
Property Insurance -$53
HOA -$48
Property Management Fees -$119
CASH FLOW
$58

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.

$245,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.57%

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$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$15,644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,279

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,4954$1,5555$1,595
$1,595
RENT COMPS ANALYSIS
  • 4475 High Gate Drive Drive Nw Acworth, GA 1
    • 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,332 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.05
    •  
  • 4430 High Gate Drive Nw Acworth, GA 2
    • 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 2001
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.95
    •  
  • 3847 Sunview Drive Nw Acworth, GA 3
    • 3 beds 3 baths ∙ 1,524 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,524 Sqft ∙ Built 1996
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 4603 Noah Ovlk E Acworth, GA 4
    • 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 1999
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,555
    • $0.92
    •  
  • 4271 Clearvista Court Nw Acworth, GA 5
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1999
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
PROPERTY LISTING DETAILS
Stacey Hill
1.404.210.9231
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827212
Last Updated: 01/16/2021
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. © 2017 First Multiple Listing Service, Inc.

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