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1016 Saddle Brooke Drive Dallas, GA 30132

5 Beds 3 Baths 2,865 sqft Built 1999

$325,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
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

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MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $88k209k

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

Zip Code: 30132

ZipNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9481509

* 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
Northside Elementary School Primary Regular 447 28 7
Moses Middle School Middle Regular 575 36 7
East Paulding High School High Regular 1,666 85 5

Northside Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 28
7
GreatSchools Rating

Moses Middle School

  • Education Level: Middle
  • # of students: 575
  • # of teachers: 36
7
GreatSchools Rating

East Paulding High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 85
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

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
$1,600
1$1,6002$1,6703$1,725
$1,725
RENT COMPS ANALYSIS
  • 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
Jasmine Harris
1.770.990.9770
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6847594
Last Updated: 03/12/2021
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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