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2203 Hamilton Mill Parkway Dacula, GA 30019

5 Beds 3 Baths 2,732 sqft Built 2005

$359,999

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $131.77
  • 7 Days on Market
  • MLS # : 6860144
  • Updated Date : 03/27/2021 at 21:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,732 sqft
  • Baths : 3 full
Listing Agent's Description

Great Family home in beautiful Golf neighborhood --Hamilton Mill with nice amenities which include 8 tennis courts, olympic size swimming pool, club house. Main level features formal living, formal dining, large eat in kitchen, with stained cabinets, granite, black appliances and Breakfast abar that oprns to 2 story family room with fire place One bedroom with full bath on main floor. Oversized master suite with his or her closets, sitting area and spa bath with dual vanities, garden tun and separate shower.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Puckett's Mill Elementary School Primary Regular 1,011 62 9
Frank N. Osborne Middle School Middle Regular 1,639 98 9
Mill Creek High School High Regular 3,780 191 9

Puckett's Mill Elementary School

  • Education Level: Primary
  • # of students: 1,011
  • # of teachers: 62
9
GreatSchools Rating

Frank N. Osborne Middle School

  • Education Level: Middle
  • # of students: 1,639
  • # of teachers: 98
9
GreatSchools Rating

Mill Creek High School

  • Education Level: High
  • # of students: 3,780
  • # of teachers: 191
9
GreatSchools Rating
 

$323,999$395,999$359,999

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,250
Property Tax -$436
Property Insurance -$80
HOA -$86
Property Management Fees -$119
CASH FLOW
$38

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.

$359,999

PROJECTED PRICE

$2,010

PROJECTED RENT

0.56%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $269,999
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$18,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,022

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$2,0104$2,0755$2,195
$2,195
RENT COMPS ANALYSIS
  • 2203 Hamilton Mill Parkway Dacula, GA 3
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.74
    •  
  • 1625 Windsong Park Drive Dacula, GA 1
    • 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,445 Sqft ∙ Built 1995
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 3314 Mill Grove Terrace Dacula, GA 2
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2000
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
  • 1738 Crossvale Drive Dacula, GA 4
    • 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2004
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.73
    •  
  • 1969 Trinity Mill Drive Dacula, GA 5
    • 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2012
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
PROPERTY LISTING DETAILS
Amita Sood
1.678.205.9930
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6860144
Last Updated: 03/27/2021
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.

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