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657 Braidwood Drive Nw Acworth, GA 30101

5 Beds 4 Baths 2,680 sqft Built 2005

$425,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $158.58
  • 3 Days on Market
  • MLS # : 6839832
  • Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,680 sqft
  • Baths : 2 full , 2 half
Listing Agent's Description

This Acworth two-story cul-de-sac home offers granite countertops, and a two-car garage. This home is vacant and cleaned regularly.

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: 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
 

$382,500$467,500$425,000

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 -$1,476
Property Tax -$470
Property Insurance -$79
HOA -$50
Property Management Fees -$119
CASH FLOW
-$114

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.

$425,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.49%

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$1.2M

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,652

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
  • $0.78

    LIST RENT PER SQFT
  • $2,207

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,765
1$1,7652$2,0803$2,2494$2,795
$2,795
RENT COMPS ANALYSIS
  • 657 Braidwood Drive Nw Acworth, GA 2
    • 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,680 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.78
    •  
  • 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
    •  
  • 1146 Regiment Drive Nw Acworth, GA 4
    • 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2003
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.06
    •  
PROPERTY LISTING DETAILS
Kim Klir
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839832
Last Updated: 02/13/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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