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4547 Gapstow Bridge Lane Acworth, GA 30101

3 Beds 3 Baths 2,692 sqft Built 2003

$269,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $100.26
  • 3 Days on Market
  • MLS # : 6813203
  • Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,692 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Great Family Friendly Amenities Community in a Convenient Acworth Location, Close to Highway & Shopping! Enter in through the Light Filled 2-Story Foyer with an Office on the Main, Spacious Formal Dining Rm that Sits Next to the Large Kitchen with Plenty of Room to Add an Island, a Pantry and Breakfast Area that is Open to the 2-Story Family Rm w/ Fireplace. Upstairs You will Find all Bedrooms & a Spacious Laundry Room, The Over-sized Master has a Sitting Room & Trey Ceiling, Master Bath w/ Double Vanity, Garden Tub, New Walk-in Shower & Walk-in Closet, The Secondary

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Huddlestone Bridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Huddlestone Bridge

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
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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$996
Property Tax -$298
Property Insurance -$79
HOA -$62
Property Management Fees -$119
CASH FLOW
$345

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.

$269,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.70%

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$52,437

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,093

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9954$1,9955$2,175
$2,175
RENT COMPS ANALYSIS
  • 4547 Gapstow Bridge Lane Acworth, GA 1
    • 3 beds 3 baths ∙ 2,692 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,692 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.71
    •  
  • 3034 Langley Close Nw Kennesaw, GA 2
    • 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1996
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 4387 Walforde Boulevard Acworth, GA 3
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2004
    property image
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.71
    •  
  • 3943 Lullwater Main Nw Kennesaw, GA 4
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 1997
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
  • 3815 Seattle Place Nw Kennesaw, GA 5
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2000
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.82
    •  
PROPERTY LISTING DETAILS
Kimberly L Galletta
1.770.377.3256
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813203
Last Updated: 11/28/2020
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.

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