Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

573 Braidwood Drive Acworth, GA 30101

4 Beds 3 Baths 2,774 sqft Built 1995

$399,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $144.16
  • 4 Days on Market
  • MLS # : 6805072
  • Updated Date : 11/06/2020 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,774 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome to this beautifully updated Executive home in sought after Brookstone III. Enter into the two-story foyer with two staircases. Hardwood floors throughout the first floor of the large two story open concept family room to eat-in breakfast room and kitchen. This home boasts of a gorgeous Kitchen with white cabinets, Granite countertops, tile backsplash & Stainless appliances, Custom butler's pantry with wine frig separates the kitchen and generous size dinning room that seats 12+ Large, Renovated Master Suite with

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Brookstone

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k384k

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

Neighborhood: Brookstone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900200021002200Rent in $8752277

* 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
Vaughan Elementary School Primary Regular 661 43 8
Lost Mountain Middle School Middle Regular 945 58 9
Harrison High School High Regular 1,947 99 9

Vaughan Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 43
8
GreatSchools Rating

Lost Mountain Middle School

  • Education Level: Middle
  • # of students: 945
  • # of teachers: 58
9
GreatSchools Rating

Harrison High School

  • Education Level: High
  • # of students: 1,947
  • # of teachers: 99
9
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,475
Property Tax -$442
Property Insurance -$81
HOA -$50
Property Management Fees -$119
CASH FLOW
-$87

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.

$399,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 4.4%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,956

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,765
1$1,7652$2,0803$2,249
$2,249
RENT COMPS ANALYSIS
  • 573 Braidwood Drive Acworth, GA 2
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.75
    •  
  • 646 Holland Road Powder Springs, GA 1
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2001
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.63
    •  
  • 6137 Windflower Drive Powder Springs, GA 3
    • 5 beds 3 baths ∙ 2,891 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,891 Sqft ∙ Built 2003
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $0.78
    •  
PROPERTY LISTING DETAILS
Tyler Peck
1.404.518.1142
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805072
Last Updated: 11/06/2020
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.

BESbswy