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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $118.28
- 2 Days on Market
- MLS # : 6837235
- Updated Date : 02/20/2021 at 13:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,215 sqft
- Baths : 3 full
Listing Agent's Description
Beautiful split level home completely renovated with new exterior and interior paint, new carpet, new hardwoods, fixtures and new furnace. This gorgeous home offers 4bd and 3ba, open two-story foyer, with living area upstairs and covered porch off the family room. Kitchen opens to the family and dining room. Full finished basement.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Winterchase
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winterchase
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$910 |
| Property Tax | -$290 | |
| Property Insurance | -$70 | |
| HOA | -$29 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$192
|
||
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.
$262,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,180
LOAN DETAILS
$910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,500 |
| Loan Amount | $196,500 |
7.58
YEARS SAVED
$25,399
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,683
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
4988 Stone Hollow Nw Acworth, GA 2
- 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,610
- $0.73
-
3515 Robin Lane Acworth, GA 1
- 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 1992
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.77
-
4640 Liberty Square Drive Acworth, GA 3
- 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 2004
LEASED 10/10/19- Rent
- Rent Per SQFT
- $1,650
- $0.77
-
4828 Liberty Plaza Acworth, GA 4
- 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2003
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,695
- $0.76
-
4638 Liberty Square Drive Acworth, GA 5
- 3 beds 3 baths ∙ 2,295 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,295 Sqft ∙ Built 2004
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,700
- $0.74
PROPERTY LISTING DETAILS
1.404.395.1371
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6837235
Last Updated: 02/20/2021
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.
