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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $140.05
- 3 Days on Market
- MLS # : 6833924
- Updated Date : 01/30/2021 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,749 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
Beautiful home located in sought after North Paulding. This home includes a spacious floor plan with eat in kitchen overlooking the grand family room. Main level includes formal dining room, formal living room/office, two story foyer and enclosed porch. Second level includes master suite with luxurious master bath, loft area for office space/media room, and two additional bedrooms with full bathroom. New bluetooth enabled hot water heater, new roof to be installed with a tentative date of 2/12/21, unfinished basement with endless possibilities for future expansion.
SEE MORE
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
- Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
- 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)
- #1 World’s Busiest Airport(Airports Council International, 2018)
PRICE & RENT TRENDS
Zip Code: 30132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$340 | |
| Property Insurance | -$80 | |
| HOA | -$29 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$5
|
||
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.
$385,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,775
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
4.33
YEARS SAVED
$16,116
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,943
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
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134 Amberhill Court Dallas, GA 3
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- Rent Per SQFT
- $1,910
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173 Parkmont Court Dallas, GA 1
- 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006
LEASED 09/27/20- Rent
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- $1,750
- $0.69
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218 Hickory Branch Drive Acworth, GA 2
- 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2004
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,795
- $0.65
-
182 Crown Vista Way Dallas, GA 4
- 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2015
LEASED 10/10/20- Rent
- Rent Per SQFT
- $1,995
- $0.78
PROPERTY LISTING DETAILS
1.770.886.9000
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6833924
Last Updated: 01/30/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.
