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160 Greenway Drive Dallas, GA 30157

3 Beds 2 Baths 1,420 sqft Built 2002

$195,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $137.32
  • 3 Days on Market
  • MLS # : 6805492
  • Updated Date : 11/07/2020 at 21:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,420 sqft
  • Baths : 2 full
Listing Agent's Description

Come one, come all to this Dallas beauty! From the extended wrap-around front porch, step into this 3 Bed 2 Bath Ranch over a full basement featuring abundant natural light, cathedral ceilings, and a layout designed for easy living & entertaining. This open concept incorporates a welcoming living room with a fireplace ready to provide comfort and warmth this winter, a dining room that flows through into the kitchen and out to your private rear deck. The master bedroom, complete with a custom walk-in closet and ensuite, ensures you have a private space to enjoy!

SEE MORE

MARKET HIGHLIGHTS

  • #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: 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
Poole Elementary School Primary Regular 407 29 6
South Paulding Middle School Middle Regular 506 34 6
Paulding County High School High Regular 1,748 88 6

Poole Elementary School

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 29
6
GreatSchools Rating

South Paulding Middle School

  • Education Level: Middle
  • # of students: 506
  • # of teachers: 34
6
GreatSchools Rating

Paulding County High School

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

$175,500$214,500$195,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$719
Property Tax -$172
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$155

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.

$195,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$25,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,228

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,149
1$1,1492$1,2203$1,2494$1,3855$1,390
$1,390
RENT COMPS ANALYSIS
  • 160 Greenway Drive Dallas, GA 2
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.86
    •  
  • 128 Magazine Street Dallas, GA 1
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1999
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.87
    •  
  • 340 Tuscany Trace Dallas, GA 3
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2001
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.88
    •  
  • 310 Trailside Drive Dallas, GA 4
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2006
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.89
    •  
  • 100 Ashford Drive Dallas, GA 5
    • 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 1995
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.82
    •  
PROPERTY LISTING DETAILS
Janna Heard
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805492
Last Updated: 11/07/2020
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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