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124 Sw Longwood Crossing Sw Dallas, GA 30132

4 Beds 4 Baths 2,512 sqft Built 2007

$298,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $118.99
  • 2 Days on Market
  • MLS # : 6806054
  • Updated Date : 11/07/2020 at 10:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,512 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Welcome to Cedar Mill sub division in the active swim/tennis community nestled in the sought after North Paulding S.D. This spacious home boast many things newly exterior paint, Roof, 6 pc appliance pkg, Great flat backyard with scenic wooded lot view. full basement stubbed ready to finished, Oversized Master bdrm has additional sitting area, Bonus 3rd floor (4th) bedroom w/ full bath or flex room. Friendly Neighborhood, A must see. Just minutes to shopping & restaurants. For peace of mind home comes with a 1 yr home warranty,

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: 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
Shelton Elementary School At Crossroad Primary Regular 1,070 58 8
Mcclure Middle School Middle Regular 1,166 62 8
North Paulding High School High Regular 2,034 91 7

Shelton Elementary School At Crossroad

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 58
8
GreatSchools Rating

Mcclure Middle School

  • Education Level: Middle
  • # of students: 1,166
  • # of teachers: 62
8
GreatSchools Rating

North Paulding High School

  • Education Level: High
  • # of students: 2,034
  • # of teachers: 91
7
GreatSchools Rating
 

$269,010$328,790$298,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,103
Property Tax -$264
Property Insurance -$76
HOA -$48
Property Management Fees -$119
CASH FLOW
$111

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.

$298,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.58%

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$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$84,959

INVESTMENT

$84,959

Down Payment
$74,725
Rehab Estimate
$5,750
Closing Costs
$4,484

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,725
Loan Amount $224,175
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$24,513

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,853

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7203$1,7504$1,7505$1,915
$1,915
RENT COMPS ANALYSIS
  • 124 Sw Longwood Crossing Sw Dallas, GA 2
    • 4 beds 4 baths ∙ 2,512 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,512 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.68
    •  
  • 144 Parkmont Lane Dallas, GA 1
    • 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,300 Sqft ∙ Built 2007
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 73 Teramont Court Dallas, GA 3
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2018
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 173 Parkmont Court Dallas, GA 4
    • 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 146 Parkmont Court Dallas, GA 5
    • 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 2005
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,915
    • $0.80
    •  
PROPERTY LISTING DETAILS
Laura Micalizzi
1.770.330.1747
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6806054
Last Updated: 11/07/2020
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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