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5245 Dunwood Drive Acworth, GA 30102

3 Beds 2 Baths 2,034 sqft Built 1975

$190,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $93.41
  • 5 Days on Market
  • MLS # : 6812922
  • Updated Date : 11/27/2020 at 12:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,034 sqft
  • Baths : 2 full
Listing Agent's Description

Great starter home or investment property! Located in the sought after Etowah High school district in Cherokee County. This 3 bed/2 bath raised ranch floorplan is situated on a large, gorgeous landscaped half acre lot with mature trees. Bathrooms boast of granite counter vanities and resurfaced tub & shower. Needs some updating and TLC. New HVAC and tankless water heater. No HOA!

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: Brookwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $84k321k

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

Neighborhood: Brookwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7512009

* 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
Clark Creek Elementary School Stem Academy Primary Unknown 974 60 NA
E.t. Booth Middle School Middle Regular 1,692 91 8
Etowah High School High Regular 2,411 125 8

Clark Creek Elementary School Stem Academy

  • Education Level: Primary
  • # of students: 974
  • # of teachers: 60
NA
GreatSchools Rating

E.t. Booth Middle School

  • Education Level: Middle
  • # of students: 1,692
  • # of teachers: 91
8
GreatSchools Rating

Etowah High School

  • Education Level: High
  • # of students: 2,411
  • # of teachers: 125
8
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$701
Property Tax -$155
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$459

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.

$190,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.79%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

15.42

YEARS SAVED

$56,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,632

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,5804$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 5245 Dunwood Drive Acworth, GA 1
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 2612 Windridge Drive Acworth, GA 2
    • 3 beds 3 baths ∙ 1,966 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,966 Sqft ∙ Built 1974
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.78
    •  
  • 5529 Blackhawk Drive Acworth, GA 3
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1977
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.75
    •  
  • 4851 Wilkie Way Nw Acworth, GA 4
    • 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1994
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 4952 Braeburn Trace Nw Acworth, GA 5
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1988
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
PROPERTY LISTING DETAILS
Orlando Quick
1.770.366.8744
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6812922
Last Updated: 11/27/2020
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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