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1397 Dallas Circle Sw Marietta, GA 30064

3 Beds 2 Baths 1,570 sqft Built 2000

INVESTimate

$299,900

List Price

$1,580

$1,422 - $1,738

Rent Est.

$316,395  ( +5.50%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $191.02
  • 8 Days on Market
  • MLS # : 6768823
  • Updated Date : 08/20/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,570 sqft
  • Baths : 2 full
Listing Agent's Description

Welcome home to this charming ranch in the Battleview community only minutes from the historic Marietta Square! Enter the foyer and immediately notice the high, vaulted ceiling in the fireside great room; a spot perfect for entertaining friends and family alike. The large kitchen features an eat-in area and overlooks the dining room with updated light fixture and beautiful bay window. On the other side of the home, two sizable secondary bedrooms are flooded with natural light and share a comfy hall bathroom.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Battleview

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Battleview

NeighborhoodNIR 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
A.l. Burruss Elementary School Primary Charter 490 36 5
Marietta Middle School Middle Charter 1,303 83 5
Marietta High School High Charter 2,061 132 5

A.l. Burruss Elementary School

  • Education Level: Primary
  • # of students: 490
  • # of teachers: 36
5
GreatSchools Rating

Marietta Middle School

  • Education Level: Middle
  • # of students: 1,303
  • # of teachers: 83
5
GreatSchools Rating

Marietta High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 132
5
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,107
Property Tax -$285
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$12

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.

$299,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.50%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,590

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,5953$1,5954$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 1397 Dallas Circle Sw Marietta, 1
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.01
    •  
  • 736 Reeves Lake Drive Sw Marietta, 2
    • 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,466 Sqft ∙ Built 2001
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.09
    •  
  • 750 Reeves Lake Drive Sw Marietta, 3
    • 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 1999
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.90
    •  
  • 2158 Winding Creek Lane Sw Marietta, 4
    • 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1981
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 348 Baskin Drive Sw Marietta, 5
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1983
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.08
    •  
PROPERTY LISTING DETAILS
Austin R Landers
1.770.900.7493
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6768823
Last Updated: 08/20/2020
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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