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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $154.23
- 5 Days on Market
- MLS # : 6821494
- Updated Date : 12/26/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,394 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
A home you will be proud to own! Peacefully situated on a large private lot in sought after East Paulding community with no HOA. Great schools. Inside will not disappoint. This bright and sunshiny is perfect for entertaining. Beautiful hardwood floors. Welcoming fireside family room with vaulted ceiling. The kitchen has all the right ingredients- complete with breakfast bar, granite counters and breakfast room. Just off the kitchen you can access the large deck with rear stairs. Master retreat with trey ceiling and large walk-in closet. Master suite has separate shower
SEE MORE
- #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
* 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 | $1,410 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$190 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$254
|
||
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.
$215,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.66%
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
$62,725
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
10.42
YEARS SAVED
$38,480
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,162
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
151 Johnstons Way Dallas, GA 3
- 3 beds 3 baths ∙ 1,394 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,394 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,410
- $1.01
-
209 Kelly Court Dallas, GA 1
- 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 1987
![property image]()
LEASED 02/06/20- Rent
- Rent Per SQFT
- $1,275
- $0.77
-
65 Crestwood Drive Dallas, GA 2
- 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1997
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,300
- $0.91
-
80 Mount Tabor Court Dallas, GA 4
- 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1998
![property image]()
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,425
- $0.82
PROPERTY LISTING DETAILS
1.678.318.3613
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6821494
Last Updated: 12/26/2020
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.
