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6150 Due West Road Nw Kennesaw, GA 30152

3 Beds 2 Baths 1,512 sqft Built 1976

$279,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $185.12
  • 28 Days on Market
  • MLS # : 6803580
  • Updated Date : 11/27/2020 at 15:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,512 sqft
  • Baths : 2 full
Listing Agent's Description

Rare 1 Acre Lot In Cobb County ... Beautiful Home Has Been Completely Renovated In 2018 Down To The Studs. Open Concept, Kitchen With Island Overlooking Family Room & Formal Dining Room. All Bedroom On The Upper Level With Brand New Baths. Again ... Everything Is New & A Complete List Is Available. New Hardwood Floors Throughout The Home, New Cabinets, New Countertops, New Siding, New Windows, New Garage Doors & Openers, New Foam Insulation, New Roof, New HVAC, New Gutters & Siding, New Sheetrock, New Tile, Brand New Driveway & So Much More!

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: Brookstone

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $113k384k

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

Neighborhood: Brookstone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9192277

* 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
Ford Elementary School Primary Regular 708 51 9
Durham Middle School Middle Regular 1,064 62 9
Harrison High School High Regular 1,947 99 9

Ford Elementary School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 51
9
GreatSchools Rating

Durham Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 62
9
GreatSchools Rating

Harrison High School

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

$251,910$307,890$279,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,033
Property Tax -$247
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$66

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.

$279,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,240

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3903$1,450
$1,450
RENT COMPS ANALYSIS
  • 6150 Due West Road Nw Kennesaw, GA 2
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.92
    •  
  • 3277 Due West Road Dallas, GA 1
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1990
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.86
    •  
  • 126 Wellington Court Dallas, GA 3
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1996
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
PROPERTY LISTING DETAILS
Julie L Bell
1.404.790.4680
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803580
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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