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23 Ivey Township Drive Dallas, GA 30132

4 Beds 3 Baths 2,288 sqft Built 2016

$259,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $113.59
  • 5 Days on Market
  • MLS # : 6807739
  • Updated Date : 11/14/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,288 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

2017 home in sought after Ivey Township now available! An open and airy concept with a spacious kitchen that boasts granite countertops, lots of counter space, a large island, a walk-in pantry, and 36" tall white cabinets. So much storage in this kitchen! The kitchen overlooks the large family room which has a cozy gas-log fireplace - great for the family to gather and sit together. There is a half-bath on the main level and a separate dining room which is nice for additional seating for family meals.

SEE MORE

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $88k209k

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

Zip Code: 30132

ZipNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9481509

* 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
Abney Elementary School Primary Regular 949 59 7
Moses Middle School Middle Regular 575 36 7
North Paulding High School High Regular 2,034 91 7

Abney Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 59
7
GreatSchools Rating

Moses Middle School

  • Education Level: Middle
  • # of students: 575
  • # of teachers: 36
7
GreatSchools Rating

North Paulding High School

  • Education Level: High
  • # of students: 2,034
  • # of teachers: 91
7
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$959
Property Tax -$229
Property Insurance -$71
HOA -$23
Property Management Fees -$119
CASH FLOW
$198

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.

$259,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$18k

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$32,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,716

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,5503$1,6004$1,6905$1,750
$1,750
RENT COMPS ANALYSIS
  • 23 Ivey Township Drive Dallas, GA 3
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 130 Thorndale Court Dallas, GA 1
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2017
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.74
    •  
  • 61 Oakland Crossing Dallas, GA 2
    • 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2017
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $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
Shelby Mcmichael
1.678.207.8416
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6807739
Last Updated: 11/14/2020
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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