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1595 Daniel Park Drive Dacula, GA 30019

4 Beds 3 Baths 2,689 sqft Built 2000

$325,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $120.86
  • 16 Days on Market
  • MLS # : 6820235
  • Updated Date : 02/12/2021 at 12:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,689 sqft
  • Baths : 3 full
Listing Agent's Description

Back on the Market! Rare find, ranch living at its finest. Fantastic Opportunity! Updated kitchen with stainless appliances, flooring, and light fixtures. Plenty of room for entertaining family and friends with this very open floorplan. Sunroom for your retreat/relaxation place. Larger Master and Master Bath. Upstairs Bedroom with walk in closet and bath. Fenced yard and one of the largest lots in the subdivision. Walk across the street to the playground/pool/tennis courts. Well maintained. Don't miss out!

SEE MORE

MARKET HIGHLIGHTS

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

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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,129
Property Tax -$394
Property Insurance -$79
HOA -$50
Property Management Fees -$119
CASH FLOW
$90

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.

$325,000

PROJECTED PRICE

$1,860

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$21,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,869

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7453$1,8604$2,0755$2,195
$2,195
RENT COMPS ANALYSIS
  • 1595 Daniel Park Drive Dacula, GA 3
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.69
    •  
  • 2472 Lance Ridge Way Buford, GA 1
    • 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 2004
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.62
    •  
  • 1446 Belfaire Trace Dacula, GA 2
    • 5 beds 3 baths ∙ 2,794 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,794 Sqft ∙ Built 2000
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.62
    •  
  • 1738 Crossvale Drive Dacula, GA 4
    • 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2004
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.73
    •  
  • 1969 Trinity Mill Drive Dacula, GA 5
    • 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2012
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
PROPERTY LISTING DETAILS
Sharon Leonard
1.678.643.9380
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820235
Last Updated: 02/12/2021
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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