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4704 Brazil Wood Court Nw Kennesaw, GA 30144

3 Beds 3 Baths 2,184 sqft Built 1987

$285,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $130.49
  • 4 Days on Market
  • MLS # : 6836175
  • Updated Date : 02/05/2021 at 17:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,184 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This southern traditional will welcome you home; where you'll find community with great neighbors. HOA - Swim/Tennis/Clubhouse & Playground. Fresh paint inside and out, new tankless water heater, 5 year old roof, new Luxury Vinyl Plank on the main level and new carpet upstairs, new granite counters and sparkling white backsplash in your kitchen; all you have to do is move in! Relax fireside in your family room with gas logs. Owner's suite features En-suite with double vanity, soaking tub and separate shower.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Falcon Hill

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $103k239k

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

Neighborhood: Falcon Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191723

* 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
Blackwell Elementary School Primary Regular 726 52 8
Mccleskey Middle School Middle Regular 681 43 7
Kell High School High Regular 1,548 83 7

Blackwell Elementary School

  • Education Level: Primary
  • # of students: 726
  • # of teachers: 52
8
GreatSchools Rating

Mccleskey Middle School

  • Education Level: Middle
  • # of students: 681
  • # of teachers: 43
7
GreatSchools Rating

Kell High School

  • Education Level: High
  • # of students: 1,548
  • # of teachers: 83
7
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$990
Property Tax -$252
Property Insurance -$69
HOA -$25
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.

$285,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$25,003

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6203$1,6504$1,7505$1,775
$1,775
RENT COMPS ANALYSIS
  • 4704 Brazil Wood Court Nw Kennesaw, GA 2
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.74
    •  
  • 96 Hawkins Store Road Nw Kennesaw, GA 1
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1967
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.74
    •  
  • 4441 Scott Drive Nw Kennesaw, GA 3
    • 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1967 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1967
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 4782 Shallow Ridge Road Ne Kennesaw, GA 4
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1994
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 1502 Lake Koinonia Drive Woodstock, GA 5
    • 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 1986
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.84
    •  
PROPERTY LISTING DETAILS
Adrienne Gary
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6836175
Last Updated: 02/05/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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