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171 Emerald Pines Lane Dallas, GA 30157

3 Beds 2 Baths 1,270 sqft Built 1999

$166,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $130.71
  • 3 Days on Market
  • MLS # : 6813207
  • Updated Date : 11/28/2020 at 13:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,270 sqft
  • Baths : 2 full
Listing Agent's Description

Need something else to be thankful for? Check out this adorable and affordable new home just in time for the holidays. Split-level on large, cul-de-sac lot. Level backyard. New HVAC, new paint, newer roof. Only 10 minutes from all the restaurants and shopping in Hiram. Minutes to beautiful White Oak Park. This won't last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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 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)
  • #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)

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
 

$149,400$182,600$166,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$612
Property Tax -$146
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$270

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.

$166,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.72%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,740

INVESTMENT

$49,740

Down Payment
$41,500
Rehab Estimate
$5,750
Closing Costs
$2,490

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,500
Loan Amount $124,500
See What Happens When You Reinvest Cash Flow

12.25

YEARS SAVED

$37,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,080

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$1,2003$1,325
$1,325
RENT COMPS ANALYSIS
  • 171 Emerald Pines Lane Dallas, GA 2
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.94
    •  
  • 42 Aspen Court Dallas, GA 1
    • 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1990
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.83
    •  
  • 480 Settlers Ridge Lane Hiram, GA 3
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1994
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jennifer Tapley
1.770.367.9815
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813207
Last Updated: 11/28/2020
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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