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1210 Evergreen Oak Way Dacula, GA 30019

4 Beds 3 Baths 2,789 sqft Built 1997

$314,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $112.91
  • 3 Days on Market
  • MLS # : 6816724
  • Updated Date : 12/12/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,789 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

COME SEE THIS LOVELY HOME IN EVERGREEN SUBDIVISION . OPEN FLOOR PLAN, CHEF'S KITCHEN, COMFORTABLE MASTER, SEPARATE TUB & SHOWER ,LOVELY LANDSCAPING, PRIVATE BACKYARD, AND MUCH MORE!! LOCATED IN SOUGHT AFTER GWINNETT COUNTY SCHOOL DISTRICT, A MUST SEE!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)

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
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,162
Property Tax -$382
Property Insurance -$81
HOA -$38
Property Management Fees -$119
CASH FLOW
-$1

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.

$314,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.57%

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,058

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,806

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6753$1,7454$1,7805$1,849
$1,849
RENT COMPS ANALYSIS
  • 1210 Evergreen Oak Way Dacula, GA 4
    • 4 beds 3 baths ∙ 2,789 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,789 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.64
    •  
  • 3175 Evergreen Eve Crossing Dacula, GA 1
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 1999
    property image
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.67
    •  
  • 821 Charles Hall Drive Dacula, GA 2
    • 5 beds 3 baths ∙ 2,776 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,776 Sqft ∙ Built 2002
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.60
    •  
  • 1446 Belfaire Trace Dacula, GA 3
    • 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
    •  
  • 900 River Valley Drive Dacula, GA 5
    • 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2000
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.70
    •  
PROPERTY LISTING DETAILS
Angela Utayev
1.770.401.1588
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6816724
Last Updated: 12/12/2020
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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