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4799 Ridgewood Court Nw Acworth, GA 30102

4 Beds 2 Baths 1,644 sqft Built 1986

$265,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $161.19
  • 3 Days on Market
  • MLS # : 6837000
  • Updated Date : 02/06/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,644 sqft
  • Baths : 2 full
Listing Agent's Description

Beautiful, recently renovated 4 bedroom 2 bathroom split level home in a cul-de-sac. Turn key and upgrades throughout! SS appliances, granite countertops, new flooring, new light fixtures, new plumbing fixtures, professionally painted inside and outside, and professionally landscaped! HVAC is 2 years old. Gas fireplace in downstairs family room. 1 car garage. Just professionally cleaned and ready for move in. Must see!

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: 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$920
Property Tax -$293
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$189

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.

$265,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.60%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$29,235

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5803$1,6494$1,6755$1,875
$1,875
RENT COMPS ANALYSIS
  • 4799 Ridgewood Court Nw Acworth, GA 2
    • 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.96
    •  
  • 4756 Overhill Court Nw Acworth, GA 1
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1986
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
  • 4993 Shallow Ridge Road Ne Kennesaw, GA 3
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1987
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.96
    •  
  • 4798 Southern Court Nw Acworth, GA 4
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1984
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.05
    •  
  • 4259 Pentworth Lane Nw Kennesaw, GA 5
    • 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 1996
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.04
    •  
PROPERTY LISTING DETAILS
Susan Ayers
1.000.000.0000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6837000
Last Updated: 02/06/2021
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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