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1112 Eastmill Cove Dacula, GA 30019

5 Beds 4 Baths 2,945 sqft Built 1999

$289,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $98.44
  • 4 Days on Market
  • MLS # : 6805186
  • Updated Date : 11/06/2020 at 08:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,945 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Fabulous 2 Story w/ Full Finished Basement! Beautiful Park Like Yard w/ Fenced Back! 2 Story Foyer, Kit w/ Huge Island, SS Appliances, Pantry, Formal DR, Family Rm w/Stone FP, Vaulted Screen Porch w/ Slate Flooring, & Lower Level Scrn Porch, 1/2 bath, Upstairs with Master Suite, Master Bath w/ Tile Floors, Double Vanities, Sep Shower/ Garden Tub, & Huge Closet, 3 Additional Br's & Guest Tiled Bath, Laundry Rm, Finished Terrace Level w/ Media Rm, Kitchenette, BR & bath! Fresh Paint through out! 2 Car Gar w/ sealed Floor! Swim/Tennis Subd!

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
Dacula Elementary School Primary Regular 1,284 72 7
Dacula Middle School Middle Regular 1,617 87 8
Dacula High School High Regular 1,944 100 7

Dacula Elementary School

  • Education Level: Primary
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

Dacula Middle School

  • Education Level: Middle
  • # of students: 1,617
  • # of teachers: 87
8
GreatSchools Rating

Dacula High School

  • Education Level: High
  • # of students: 1,944
  • # of teachers: 100
7
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,070
Property Tax -$353
Property Insurance -$84
HOA -$38
Property Management Fees -$119
CASH FLOW
$137

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.

$289,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$28,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7453$1,7504$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 1112 Eastmill Cove Dacula, GA 4
    • 5 beds 4 baths ∙ 2,945 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,945 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.61
    •  
  • 2846 High Creek Run Dacula, GA 1
    • 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 2001
    property image
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.64
    •  
  • 1446 Belfaire Trace Dacula, GA 2
    • 5 beds 3 baths ∙ 2,794 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,794 Sqft ∙ Built 2000
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.62
    •  
  • 3147 Overlook Hill Pass Dacula, GA 3
    • 5 beds 4 baths ∙ 2,843 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,843 Sqft ∙ Built 2006
    property image
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.62
    •  
  • 3127 Overlook Hill Pass Dacula, GA 5
    • 5 beds 4 baths ∙ 2,965 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,965 Sqft ∙ Built 2006
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.67
    •  
PROPERTY LISTING DETAILS
Connie Lawson
1.770.318.0458
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805186
Last Updated: 11/06/2020
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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