Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

17 Powder Creek Way Dallas, GA 30157

5 Beds 2 Baths 2,251 sqft Built 1986

$289,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
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

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)
  • 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

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
Mcgarity Elementary School Primary Regular 544 44 6
P.b. Ritch Middle School Middle Regular NA
East Paulding High School High Regular 1,666 85 5

Mcgarity Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 44
6
GreatSchools Rating

P.b. Ritch Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

East Paulding High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 85
5
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

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
$1,400
1$1,4002$1,4403$1,5004$1,500
$1,500
RENT COMPS ANALYSIS
  • 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
Cory Whitman
1.678.878.9286
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6831503
Last Updated: 01/23/2021
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.

BESbswy