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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northgate at Legacy Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
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
-
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
1.404.210.9231
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6827212
Last Updated: 01/16/2021
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. © 2017 First Multiple Listing Service, Inc.
