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2156 Villa Spring Court Dacula, GA 30019

4 Beds 4 Baths 2,486 sqft Built 2016

$275,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $110.62
  • 2 Days on Market
  • MLS # : 6817345
  • Updated Date : 12/12/2020 at 14:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,486 sqft
  • Baths : 2 full , 2 half
Listing Agent's Description

Beautiful and meticulously maintained home by original owner. Spacious 4 beds and 2.5 baths. Upgraded hard wood floors through main and second floor. Big walk-in closet with hard wood floors in master bedroom as well. Granite countertops. Lots of cabinet storage space. Open concept. Lots of updates. Large backyard with a beautiful view to hang out with family and friends. Very close to schools. Minutes to 316. Close to shopping centers and grocery stores. Come to check out this beautiful property!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 30019

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30019

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Dacula Elementary School Primary Regular 1,284 72 7
Dacula Middle School Middle Regular 1,617 87 8
Dacula High School High Regular 1,944 100 7

Dacula Elementary School

  • Education Level: Primary
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

Dacula Middle School

  • Education Level: Middle
  • # of students: 1,617
  • # of teachers: 87
8
GreatSchools Rating

Dacula High School

  • Education Level: High
  • # of students: 1,944
  • # of teachers: 100
7
GreatSchools Rating
 

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

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,015
Property Tax -$338
Property Insurance -$75
HOA -$21
Property Management Fees -$119
CASH FLOW
$92

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

$1,660

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$100k$200k$300k$400k$500k$600k$700k$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 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$23,578

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,5954$1,6605$1,695
$1,695
RENT COMPS ANALYSIS
  • 2156 Villa Spring Court Dacula, GA 4
    • 4 beds 4 baths ∙ 2,486 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,486 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.67
    •  
  • 2539 Pharr Avenue Dacula, GA 1
    • 5 beds 3 baths ∙ 2,185 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,185 Sqft ∙ Built 2002
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.66
    •  
  • 212 Hardy Ives Lane Lawrenceville, GA 2
    • 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2016
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.64
    •  
  • 2271 Centenary Main Street Dacula, GA 3
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2016
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.64
    •  
  • 515 Beckenham Walk Drive Dacula, GA 5
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2002
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.72
    •  
PROPERTY LISTING DETAILS
North Zhang
1.404.500.9076
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6817345
Last Updated: 12/12/2020
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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