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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $128.79
- 3 Days on Market
- MLS # : 6831503
- Updated Date : 01/23/2021 at 08:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,251 sqft
- Baths : 2 full
Listing Agent's Description
Don't miss this gorgeous 3 level contemporary home with 5 beds and 2 baths. The owner has beautifully renovated and updated this home into something special. You'll enjoy the beautiful new kitchen with brand new stainless steel appliances, granite countertops, and a kitchen island and breakfast bar. The kitchen opens into a brilliant greatroom with vaulted and beamed ceilings, a large stone fireplace, and the natural light from the floor to ceiling windows. The upper level features 3 spacious bedrooms with a full bath and laundry room in the hall.
SEE MORE
- 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
PRICE & RENT TRENDS
Zip Code: 30157
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30157
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$256 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$12
|
||
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.
$289,900
PROJECTED PRICE
$1,440
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
4.25
YEARS SAVED
$11,456
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$1,433
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
17 Powder Creek Way Dallas, GA 2
- 5 beds 2 baths ∙ 2,251 Sqft ∙ Built 1986 5 beds 2 baths ∙ 2,251 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,440
- $0.64
-
61 Mount Vernon Drive Dallas, GA 1
- 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2002
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,400
- $0.62
-
25 Brookvalley Court W Dallas, GA 3
- 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2005
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.64
-
29 Crescent Woode Drive Dallas, GA 4
- 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2005
LEASED 10/10/20- Rent
- Rent Per SQFT
- $1,500
- $0.65
PROPERTY LISTING DETAILS
1.678.878.9286
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6831503
Last Updated: 01/23/2021
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.
