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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $113.44
- 6 Days on Market
- MLS # : 6847594
- Updated Date : 03/12/2021 at 20:56
CONSTRUCTION
- Beds : 5
- Floor Size : 2,865 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Welcome to this spacious traditional-style home with tons of windows to flood the space with natural light. The impressive grand entrance into the foyer, with chandelier, will take your breath away. All new stainless steel appliances in 2015 with the dishwasher upgraded in 2020 and Brinks Home Security System. Upgraded furnace installed 2019 with a transferable 10-year warranty. Extra insulation was applied in the attic for efficiency in 2018. Upstairs features an enormous primary suite with a trey ceiling and ensuite featuring his and her sinks and closets. The primary
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 30132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$287 | |
| Property Insurance | -$82 | |
| HOA | -$42 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$11
|
||
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.
$325,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 7.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
4.42
YEARS SAVED
$13,794
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.58
LIST RENT PER SQFT
-
$1,762
COMP ESTIMATED VALUE -
$0.62
COMP AVG. RENT PER SQFT
Comps Range
-
1016 Saddle Brooke Drive Dallas, GA 2
- 5 beds 3 baths ∙ 2,865 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,865 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,670
- $0.58
-
421 Stable View Loop Dallas, GA 1
- 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2018
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,600
- $0.60
-
20 Huntleigh Shores Lane Dallas, GA 3
- 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 2015
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,725
- $0.63
PROPERTY LISTING DETAILS
1.770.990.9770
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6847594
Last Updated: 03/12/2021
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.
