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4761 Pinefield Drive Nw Acworth, GA 30102

3 Beds 2 Baths 2,283 sqft Built 1988

$289,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $126.98
  • 6 Days on Market
  • MLS # : 6809770
  • Updated Date : 11/18/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,283 sqft
  • Baths : 2 full
Listing Agent's Description

Look no further! Welcome home to this updated and renovated spacious home in a quiet community. Close to shopping, restaurants, and minutes to KSU. Home has been updated with new stove, Microwave, dishwasher, countertops & new cabinets. New carpet in bedrooms & new ceramic tile in Kitchen & Bathrooms. New paint inside & out. New HVAC! No HOA! This home will not be on the market very long! Bring all offers!

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)
  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Neighborhood: Ridgewood Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $95k321k

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

Neighborhood: Ridgewood Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7812009

* 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
Chalker Elementary School Primary Regular 668 45 8
Palmer Middle School Middle Regular 1,030 56 9
Kell High School High Regular 1,548 83 7

Chalker Elementary School

  • Education Level: Primary
  • # of students: 668
  • # of teachers: 45
8
GreatSchools Rating

Palmer Middle School

  • Education Level: Middle
  • # of students: 1,030
  • # of teachers: 56
9
GreatSchools Rating

Kell High School

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

$260,910$318,890$289,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,070
Property Tax -$320
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$20

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.

$289,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.4%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$18,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,632

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5954$1,6005$1,840
$1,840
RENT COMPS ANALYSIS
  • 4761 Pinefield Drive Nw Acworth, GA 4
    • 3 beds 2 baths ∙ 2,283 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,283 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 836 Sunset Court Nw Acworth, GA 1
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1985
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.65
    •  
  • 4230 Pentworth Lane Nw Kennesaw, GA 2
    • 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 4423 Simpson Court Nw Kennesaw, GA 3
    • 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 1973
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 4851 Ridgewood Creek Drive Acworth, GA 5
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.74
    •  
PROPERTY LISTING DETAILS
Larry W Bailey
1.770.312.6585
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6809770
Last Updated: 11/18/2020
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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