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11 Hunters Chase Dallas, GA 30157

4 Beds 3 Baths 2,508 sqft Built 1996

$279,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $111.60
  • 34 Days on Market
  • MLS # : 6739482
  • Updated Date : 11/01/2020 at 10:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,508 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

BACK ON MARKET--NO FAULT OF SELLER! Beautiful landscaped corner property has been updated with new waterproof hardwoods on main, interior paint with modern color schemes, newer roof and A/C upstairs. The open kitchen with white cabinets, new granite counter tops and stainless appliances overlooks the spacious fireside family room. The oversized master BR has huge walk-in closet and new lighting. Master BA has double vanities, new fixtures, separate shower and garden tub. Secondary BRs are spacious, with one over sized BR that could be a playroom. Won't last long!

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: 30157

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $85k209k

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

Zip Code: 30157

ZipNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9251509

* 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
Roberts Elementary School Primary Regular 636 40 6
East Paulding Middle School Middle Regular 841 50 7
East Paulding High School High Regular 1,666 85 5

Roberts Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 40
6
GreatSchools Rating

East Paulding Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 50
7
GreatSchools Rating

East Paulding High School

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

$251,910$307,890$279,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,033
Property Tax -$247
Property Insurance -$76
HOA -$33
Property Management Fees -$119
CASH FLOW
$13

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.

$279,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.4%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,034

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5203$1,5454$1,5605$1,695
$1,695
RENT COMPS ANALYSIS
  • 11 Hunters Chase Dallas, GA 2
    • 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.61
    •  
  • 61 Mount Vernon Drive Dallas, GA 1
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2002
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.62
    •  
  • 650 Hunters Trace Dallas, GA 3
    • 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1999
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.60
    •  
  • 180 Stephens Mill Drive Dallas, GA 4
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2008
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.69
    •  
  • 211 Millstone Glen Dallas, GA 5
    • 5 beds 3 baths ∙ 2,480 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,480 Sqft ∙ Built 2015
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
PROPERTY LISTING DETAILS
Angie Fiveash
1.678.231.4294
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6739482
Last Updated: 11/01/2020
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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