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144 Spring Dale Lane Dallas, GA 30157

4 Beds 3 Baths 2,704 sqft Built 1998

$299,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $110.91
  • 2 Days on Market
  • MLS # : 6856473
  • Updated Date : 03/20/2021 at 17:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,704 sqft
  • Baths : 3 full
Listing Agent's Description

Spacious 4 bedroom, 3 bath home with finished garage. Could be rec room, playroom, man cave or she shed. Anything your heart desires. Kitchen features granite counter tops, white cabinets, granite counter top and stainless appliances. Master bedroom features trey ceiling and en suite with double vanity and jetted garden tub. This beautiful home features a family room and living room both with gas fireplaces. All floors are LBT with no carpet anywhere except in finished garage area which has an in door - out door carpet. New back deck overlooking spacious back yard

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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'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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30157

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $85k209k

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

Zip Code: 30157

ZipNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9251509

* 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
Roberts Elementary School Primary Regular 636 40 6
East Paulding Middle School Middle Regular 841 50 7
East Paulding High School High Regular 1,666 85 5

Roberts Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 40
6
GreatSchools Rating

East Paulding Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 50
7
GreatSchools Rating

East Paulding High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 85
5
GreatSchools Rating
 

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

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,042
Property Tax -$265
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
$145

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

$1,650

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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$200k$400k$600k$800k$1.0M

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 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,812

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6503$1,6954$1,8455$2,095
$2,095
RENT COMPS ANALYSIS
  • 144 Spring Dale Lane Dallas, GA 2
    • 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.61
    •  
  • 650 Hunters Trace Dallas, GA 1
    • 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1999
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.60
    •  
  • 211 Millstone Glen Dallas, GA 3
    • 5 beds 3 baths ∙ 2,480 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,480 Sqft ∙ Built 2015
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
  • 118 Creekview Lane Dallas, GA 4
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1998
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.69
    •  
  • 371 Macland Mill Drive Dallas, GA 5
    • 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2016
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.71
    •  
PROPERTY LISTING DETAILS
Darnise Rackley
1.404.374.6443
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6856473
Last Updated: 03/20/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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