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155 Belmont Hills Court Dallas, GA 30157

3 Beds 2 Baths 1,694 sqft Built 2016

$250,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $147.58
  • 3 Days on Market
  • MLS # : 6828373
  • Updated Date : 01/16/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,694 sqft
  • Baths : 2 full
Listing Agent's Description

RANCH WITH SUNROOM WITHIN WALKING DISTANCE TO AMAZING WHITE OAK PARK! Move in ready! 3 bedrooms, 2 bathrooms. Open floor plan and fenced in backyard! Mud room complete with bench and hooks, oversized closets, and upgraded kitchen! White Oak park with trails, lakes, playgrounds, volleyball, fishing, pavilions right across the street!

SEE MORE

MARKET HIGHLIGHTS

  • #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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 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
Allgood Elementary School Primary Regular 879 57 5
Herschel Jones Middle School Middle Regular 737 44 5
Paulding County High School High Regular 1,748 88 6

Allgood Elementary School

  • Education Level: Primary
  • # of students: 879
  • # of teachers: 57
5
GreatSchools Rating

Herschel Jones Middle School

  • Education Level: Middle
  • # of students: 737
  • # of teachers: 44
5
GreatSchools Rating

Paulding County High School

  • Education Level: High
  • # of students: 1,748
  • # of teachers: 88
6
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$868
Property Tax -$221
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
$212

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.

$250,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.59%

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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$29,276

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,245

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3253$1,3954$1,4005$1,480
$1,480
RENT COMPS ANALYSIS
  • 155 Belmont Hills Court Dallas, GA 5
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.87
    •  
  • 112 Rockefeller Lane Dallas, GA 1
    • 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 2007
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.68
    •  
  • 511 Emerald Pines Drive Dallas, GA 2
    • 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 1999
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.74
    •  
  • 349 Victorian Circle Dallas, GA 3
    • 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1996
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.76
    •  
  • 164 Paces Overlook Trace Dallas, GA 4
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
PROPERTY LISTING DETAILS
Laboss Group
1.404.390.4463
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6828373
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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