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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $126.02
- 3 Days on Market
- MLS # : 6828298
- Updated Date : 01/16/2021 at 11:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,102 sqft
- Baths : 2 full , 1 half
Listing Agent's Description
This beautifully maintained, open-concept home is ready for you to move right in! The bright, open first floor is perfect for entertaining and features wide-plank hardwood flooring. The kitchen boasts 42" cabinets, plenty of storage, and granite counters. Upstairs, you will find a centrally-located laundry room, 3 secondary bedrooms, a full bath and a master suite. With two closets, a spacious double vanity, separate shower and soaking tub, this master suite has it all! Be sure you don't miss the view from the back patio...horses playing in their pasture!
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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- #1 Moving Destination in the Nation (Penske, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
- 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)
- 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: 30132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$234 | |
| Property Insurance | -$68 | |
| HOA | -$19 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$221
|
||
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.
$264,900
PROJECTED PRICE
$1,580
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 7.9% |
| 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
$75,949
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
8.5
YEARS SAVED
$30,116
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,577
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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208 Persian Ivy Way Dallas, GA 3
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- $1,580
- $0.75
-
130 Thorndale Court Dallas, GA 1
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LEASED 03/24/20- Rent
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- $1,549
- $0.74
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61 Oakland Crossing Dallas, GA 2
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LEASED 08/15/20- Rent
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- $1,550
- $0.71
-
66 Vivid Lane Dallas, GA 4
- 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 2014
LEASED 09/14/20- Rent
- Rent Per SQFT
- $1,690
- $0.74
-
135 Dazzling Court Dallas, GA 5
- 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2014
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,750
- $0.81
PROPERTY LISTING DETAILS
1.678.596.8571
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6828298
Last Updated: 01/16/2021
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. © 2017 First Multiple Listing Service, Inc.
