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63 Allgood Trace Acworth, GA 30101

4 Beds 3 Baths 2,871 sqft Built 2014

$319,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $111.42
  • 4 Days on Market
  • MLS # : 6821529
  • Updated Date : 12/25/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,871 sqft
  • Baths : 3 full
Listing Agent's Description

Welcome Home! to this well maintained 2015 build with a brand new architectural roof just completed. Open concept kitchen to the living room with some lovely shiplap. Full bathroom and guest bedroom on main, wonderful 2 story foyer entryway. Master Bedroom is a dream! So big and open with a separate sitting area with trace ceilings and a large walk-in closet. The laundry room is on the second floor with a nice loft area for a play area, sitting area, or tv room. This swim and tennis community is located right off cedar crest near food, shopping, and top-rated schools.

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

Zip Code: 30101

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30101

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8752009

* 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
Shelton Elementary School At Crossroad Primary Regular 1,070 58 8
Mcclure Middle School Middle Regular 1,166 62 8
North Paulding High School High Regular 2,034 91 7

Shelton Elementary School At Crossroad

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 58
8
GreatSchools Rating

Mcclure Middle School

  • Education Level: Middle
  • # of students: 1,166
  • # of teachers: 62
8
GreatSchools Rating

North Paulding High School

  • Education Level: High
  • # of students: 2,034
  • # of teachers: 91
7
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,180
Property Tax -$293
Property Insurance -$83
HOA -$50
Property Management Fees -$119
CASH FLOW
$305

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.

$319,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.4%
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$1.2M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$51,391

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,053

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,9954$2,0305$2,100
$2,100
RENT COMPS ANALYSIS
  • 63 Allgood Trace Acworth, GA 4
    • 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.71
    •  
  • 733 Flagstone Way Acworth, GA 1
    • 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 2003
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.58
    •  
  • 173 Parkmont Court Dallas, GA 2
    • 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 182 Crown Vista Way Dallas, GA 3
    • 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2015
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 266 Harmony Circle Acworth, GA 5
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2017
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Gregory Goad
1.404.553.4799
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821529
Last Updated: 12/25/2020
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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