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1069 Autumn Glen Way Dacula, GA 30019

4 Beds 2 Baths 2,376 sqft Built 2000

INVESTimate

$243,000

List Price

$1,550

$1,395 - $1,705

Rent Est.

$258,236  ( +6.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $102.27
  • 8 Days on Market
  • MLS # : 6752830
  • Updated Date : 08/25/2020 at 20:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,376 sqft
  • Baths : 2 full
Listing Agent's Description

*** BACK ON MARKET DUE TO NO FAULT OF THE SELLER- BUYER FINANCING FELL THROUGH*** Large open floor plan ranch with 3 bedrooms , 2 full baths and 1 large private bonus room on top of the garage that can be used as another bedroom or an office. Located in sought after Dacula area. Home conveniently located to local shopping and Hwy 316. Home boast large kitchen with breakfast area and window seating, large center island, all overlooking spacious backyard. Swim/Tennis community - GREAT 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: 30019

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30019

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Dyer Elementary School Primary Regular 750 51 9
Twin Rivers Middle School Middle Regular 1,570 85 9
Mountain View High School High Regular 2,103 100 7

Dyer Elementary School

  • Education Level: Primary
  • # of students: 750
  • # of teachers: 51
9
GreatSchools Rating

Twin Rivers Middle School

  • Education Level: Middle
  • # of students: 1,570
  • # of teachers: 85
9
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 2,103
  • # of teachers: 100
7
GreatSchools Rating
 

$218,700$267,300$243,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

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-$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$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$897
Property Tax -$307
Property Insurance -$73
HOA -$67
Property Management Fees -$119
CASH FLOW
$88

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.

$243,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.27%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,145

INVESTMENT

$70,145

Down Payment
$60,750
Rehab Estimate
$5,750
Closing Costs
$3,645

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$897

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,750
Loan Amount $182,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$20,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,699

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6253$1,6504$1,6955$1,900
$1,900
RENT COMPS ANALYSIS
  • 1069 Autumn Glen Way Dacula, 1
    • 4 beds 2 baths ∙ 2,376 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,376 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.65
    •  
  • 1976 Peach Shoals Circle Dacula, 2
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 2005
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.74
    •  
  • 1034 Brighton Cove Trail Lawrenceville, 3
    • 5 beds 2 baths ∙ 2,361 Sqft ∙ Built 2001 5 beds 2 baths ∙ 2,361 Sqft ∙ Built 2001
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
  • 1055 Westmoreland Lane Lawrenceville, 4
    • 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 2007
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
  • 1050 Fountain Glen Drive Lawrenceville, 5
    • 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 1997
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
PROPERTY LISTING DETAILS
Ashley Kimble
1.678.598.1329
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6752830
Last Updated: 08/25/2020
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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