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1546 Riesling Drive Dacula, GA 30019

3 Beds 2 Baths 1,938 sqft Built 2001

$262,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $135.66
  • 3 Days on Market
  • MLS # : 6828828
  • Updated Date : 01/16/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,938 sqft
  • Baths : 2 full
Listing Agent's Description

Local schools, shopping, and the Trophy Club of Apalachee Golf Course is just minutes away from this spacious 3 bedroom, 2 bathroom home in the desirable Wyndsor Grove/Charleston Park neighborhood. The charming brick exterior nicely complements the cheerful, warm wood floors that greet you as you enter. The great room is the centerpiece of this open-concept home, regally displaying vaulted ceilings and a cozy fireplace inlaid with marble. The main floor primary bedroom includes an ensuite bathroom with two closets (one walk-in), double vanity, and updated furnishings.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 30019

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Zip Code: 30019

ZipNIR 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
Fort Daniel Elementary School Primary Regular 666 45 9
Frank N. Osborne Middle School Middle Regular 1,639 98 9
Mill Creek High School High Regular 3,780 191 9

Fort Daniel Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 45
9
GreatSchools Rating

Frank N. Osborne Middle School

  • Education Level: Middle
  • # of students: 1,639
  • # of teachers: 98
9
GreatSchools Rating

Mill Creek High School

  • Education Level: High
  • # of students: 3,780
  • # of teachers: 191
9
GreatSchools Rating
 

$236,610$289,190$262,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$913
Property Tax -$319
Property Insurance -$65
HOA -$13
Property Management Fees -$119
CASH FLOW
$72

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.

$262,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,419

INVESTMENT

$75,419

Down Payment
$65,725
Rehab Estimate
$5,750
Closing Costs
$3,944

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$913

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,725
Loan Amount $197,175
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$17,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,536

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5453$1,5754$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 1546 Riesling Drive Dacula, GA 1
    • 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 1280 Brisbane Drive Dacula, GA 2
    • 4 beds 3 baths ∙ 2,111 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,111 Sqft ∙ Built 2002
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.73
    •  
  • 1072 Wildwood Wake Bend Dacula, GA 3
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1996
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.80
    •  
  • 1718 Fort Connors Way Dacula, GA 4
    • 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,903 Sqft ∙ Built 2000
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 1751 Stillbrook Way Lawrenceville, GA 5
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1998
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
PROPERTY LISTING DETAILS
Michelle Sanders
1.678.884.7933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828828
Last Updated: 01/16/2021
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. © 2017 First Multiple Listing Service, Inc.

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