Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4515 Terret Trace Nw Acworth, GA 30101

4 Beds 3 Baths 2,801 sqft Built 1994

$315,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $112.46
  • 3 Days on Market
  • MLS # : 6808537
  • Updated Date : 11/14/2020 at 09:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,801 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Amazing Home near Lake Acworth in Sought After Allatoona High School District. Gorgeous Updated Kitchen with White Cabinets-New Countertops & SS Appliances w/View to Family Room with Updated Paint and Trim around Fireplace-Separate Dining Room & Office on Main-Hardwood Floors & New Carpet. Huge Primary Bedroom w/Sitting Room & Nice Primary Bath. Large Secondary Bedrooms with one that can be used as Bonus Room. Updated Secondary Bath w/ Decorator Tile, Paint & Vanity. Beautiful Screened Porch off of Family Room-Wonderful Landscaped Yard! Great Neighborhood & Great

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bridlecreek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Bridlecreek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8752009

* 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
Frey Elementary School Primary Regular 740 48 7
Awtrey Middle School Middle Regular 805 53 7
Allatoona High School High Regular 1,820 93 9

Frey Elementary School

  • Education Level: Primary
  • # of students: 740
  • # of teachers: 48
7
GreatSchools Rating

Awtrey Middle School

  • Education Level: Middle
  • # of students: 805
  • # of teachers: 53
7
GreatSchools Rating

Allatoona High School

  • Education Level: High
  • # of students: 1,820
  • # of teachers: 93
9
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,162
Property Tax -$348
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
$89

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.

$315,000

PROJECTED PRICE

$1,800

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$26,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,807

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7503$1,7854$1,8005$1,820
$1,820
RENT COMPS ANALYSIS
  • 4515 Terret Trace Nw Acworth, GA 4
    • 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.64
    •  
  • 450 Darter Drive Nw Kennesaw, GA 1
    • 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 1999
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.64
    •  
  • 3591 Darcy Court Nw Kennesaw, GA 2
    • 5 beds 3 baths ∙ 2,781 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,781 Sqft ∙ Built 2005
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 3606 Malcolm Manor Nw Kennesaw, GA 3
    • 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 2005
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.64
    •  
  • 458 Darter Drive Nw Kennesaw, GA 5
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1999
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.67
    •  
PROPERTY LISTING DETAILS
Suzie Crowe
1.770.826.9933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6808537
Last Updated: 11/14/2020
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.

BESbswy