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212 Omega Court Dallas, GA 30157

4 Beds 3 Baths 2,146 sqft Built 2004

$275,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $128.15
  • 7 Days on Market
  • MLS # : 6823883
  • Updated Date : 01/05/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,146 sqft
  • Baths : 3 full
Listing Agent's Description

Move in ready! This immaculate split level home features 3 spacious bedrooms and 2 bathrooms on the main level. The living room has beautiful vaulted ceilings and a marble fireplace. The kitchen has gorgeous cabinets with breakfast area and a bar overlooking the dining room. The basement has been finished and has one bedroom and one bathroom! The fenced in backyard features a custom built pond that has a waterfall and bridge, truly an oasis! The HOA dues cover swim, tennis, lake, and lawn care

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 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
Herschel Jones Middle School Middle Regular 737 44 5
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

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$955
Property Tax -$276
Property Insurance -$69
HOA -$55
Property Management Fees -$119
CASH FLOW
$146

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.

$275,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.59%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$21,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,6203$1,6754$1,7005$1,760
$1,760
RENT COMPS ANALYSIS
  • 212 Omega Court Dallas, GA 2
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.75
    •  
  • 527 S Fortune Way Dallas, GA 1
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2006
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.75
    •  
  • 110 W Skyline View Dallas, GA 3
    • 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,134 Sqft ∙ Built 2002
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.78
    •  
  • 526 S Fortune Way Dallas, GA 4
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.77
    •  
  • 145 W Skyline View Dallas, GA 5
    • 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 2003
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.77
    •  
PROPERTY LISTING DETAILS
Nidia Guzman
1.770.378.4415
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6823883
Last Updated: 01/05/2021
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. © 2017 First Multiple Listing Service, Inc.

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