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6261 Autumn View Ridge Nw Acworth, GA 30101

4 Beds 3 Baths 2,159 sqft Built 2000

$270,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $125.06
  • 2 Days on Market
  • MLS # : 6806071
  • Updated Date : 11/07/2020 at 12:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,159 sqft
  • Baths : 3 full
Listing Agent's Description

Totally updated 4/3 with full finished basement that includes huge open bonus room home is waiting for you. This home sits on a very large lot that features a deep, wooded, private, back yard that is perfect to watch football games or movies on a movie sized screen (some equipment is left for you). Entertain you and your guests on the outdoor living space. Extra large garage has plenty of room for work-benches and extra storage. Convenient to shopping, entertainment, dining, walking trails, and so much more. Priced to sell fast.

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: Woodstream

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $103k233k

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

Neighborhood: Woodstream

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8731603

* 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
Pickett's Mill Elementary School Primary Regular 731 48 7
Durham Middle School Middle Regular 1,064 62 9
Allatoona High School High Regular 1,820 93 9

Pickett's Mill Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 48
7
GreatSchools Rating

Durham Middle School

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

Allatoona High School

  • Education Level: High
  • # of students: 1,820
  • # of teachers: 93
9
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$996
Property Tax -$298
Property Insurance -$69
HOA -$26
Property Management Fees -$119
CASH FLOW
$51

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.

$270,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$16,990

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,544

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5603$1,5754$1,6325$1,650
$1,650
RENT COMPS ANALYSIS
  • 6261 Autumn View Ridge Nw Acworth, GA 2
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.72
    •  
  • 3684 Autumn View Drive Nw Acworth, GA 1
    • 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1998
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.71
    •  
  • 6353 Autumn View Point Acworth, GA 3
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 1998
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.76
    •  
  • 3712 Bayside Cove Nw Acworth, GA 4
    • 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1992
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,632
    • $0.71
    •  
  • 3676 Autumn View Drive Nw Acworth, GA 5
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1998
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
PROPERTY LISTING DETAILS
Paige Slyman
1.770.757.7671
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806071
Last Updated: 11/07/2020
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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