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

679 Gettysburg Trail Ne Kennesaw, GA 30144

3 Beds 2 Baths 1,344 sqft Built 1971

$185,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $137.65
  • 5 Days on Market
  • MLS # : 6807707
  • Updated Date : 11/13/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

Multiple Offers Received! We are calling for highest and best due by Sunday 2:00Pm. Fantastic ranch home in east Cobb County in Kell High district! No HOA!! New flooring and paint throughout. Large private backyard with a great back deck. Family room and bonus room that that could be an office or game room. Easy access to 575 and 75. Home is convent to everything you need! Close to schools, shopping and Nooneday Park. Nooneday has a great playground, soccer fields and a BMX track. Home is move-in ready!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)
  • 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: Lincoln

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $68k239k

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

Neighborhood: Lincoln

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $7001723

* 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
Nicholson Elementary School Primary Regular 513 38 8
Mccleskey Middle School Middle Regular 681 43 7
Kell High School High Regular 1,548 83 7

Nicholson Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 38
8
GreatSchools Rating

Mccleskey Middle School

  • Education Level: Middle
  • # of students: 681
  • # of teachers: 43
7
GreatSchools Rating

Kell High School

  • Education Level: High
  • # of students: 1,548
  • # of teachers: 83
7
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$683
Property Tax -$164
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$362

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.

$185,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$47,111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,277

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,4003$1,5004$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 679 Gettysburg Trail Ne Kennesaw, GA 1
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.03
    •  
  • 890 Trace Circle Ne Marietta, GA 2
    • 3 beds 3 baths ∙ 1,396 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,396 Sqft ∙ Built 1985
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
  • 884 Old Farm Walk Marietta, GA 3
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1991
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 4167 Oak Ferry Drive Ne Kennesaw, GA 4
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1976
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 1382 Mountain Overlook Court Marietta, GA 5
    • 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,676 Sqft ∙ Built 1979
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jenn Goddard
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807707
Last Updated: 11/13/2020
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