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5442 Applewood Court Acworth, GA 30102

3 Beds 2 Baths 1,388 sqft Built 1983

$199,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $144.02
  • 2 Days on Market
  • MLS # : 6818411
  • Updated Date : 12/12/2020 at 16:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,388 sqft
  • Baths : 2 full
Listing Agent's Description

Adorable move in ready home, at a fantastic price, & great quiet neighborhood w/ no HOA, 5 minutes from 575, Hwy 92, shopping & schools. An added bonus to the wonderful established neighborhood is the large, cul-de-sac lot. Inside is a desirable split level floorplan w/ gorgeous laminate flooring throughout main living area, new carpet & fresh interior paint. Large family room w/ vaulted ceilings, stone fireplace & open flow to separate dining area. Double French doors in kitchen lead you outside to the large private backyard that expands beyond the fenced in area

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $98k228k

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

Neighborhood: Woodlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7691603

* 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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$738
Property Tax -$163
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$326

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.

$199,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

12.42

YEARS SAVED

$45,678

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,398

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4003$1,4004$1,4255$1,495
$1,495
RENT COMPS ANALYSIS
  • 5442 Applewood Court Acworth, GA 3
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.01
    •  
  • 1412 Oakmont Drive Acworth, GA 1
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1971
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.96
    •  
  • 426 Royal Oak Drive Acworth, GA 2
    • 3 beds 3 baths ∙ 1,260 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,260 Sqft ∙ Built 2001
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.11
    •  
  • 1411 Wildwood Drive Acworth, GA 4
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1971
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.98
    •  
  • 4809 Wilkie Way Nw Acworth, GA 5
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1995
    property image
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
PROPERTY LISTING DETAILS
Steven Dollar
1.678.910.0424
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6818411
Last Updated: 12/12/2020
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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