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237 Sheraton Way Dallas, GA 30132

4 Beds 3 Baths 2,250 sqft Built 1999

$269,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $119.56
  • 2 Days on Market
  • MLS # : 6811457
  • Updated Date : 11/21/2020 at 16:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,250 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome home to this beautiful 4 bdrm, 3 bth sitting on over an acre located in Camberley Park! Completed w/ rocking chair front porch to welcome you inside to experience its coziness & charm! This home features Master on main w/ walk-in closet, Fresh paint throughout, WHT kitchen cabinets, Granite countertops, Stainless steel appliances, New LVP flooring on the M floor, New carpet, New garage doors, Upgraded septic system, New A/C + gas heat & new roof! All of this in a well-established NBHD in the North Paulding HS district! No HOA! Don’t miss out on this great find!

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)
  • 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)
  • 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)

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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$992
Property Tax -$237
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$111

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.

$269,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.57%

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-$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$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$23,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5303$1,5494$1,6255$1,635
$1,635
RENT COMPS ANALYSIS
  • 237 Sheraton Way Dallas, GA 2
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.68
    •  
  • 149 Northridge Lane Dallas, GA 1
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2003
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.78
    •  
  • 130 Thorndale Court Dallas, GA 3
    • 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
    •  
  • 77 Lanesborough Court Dallas, GA 4
    • 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 1998
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.79
    •  
  • 111 Westridge Circle Dallas, GA 5
    • 5 beds 3 baths ∙ 2,394 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,394 Sqft ∙ Built 2014
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.68
    •  
PROPERTY LISTING DETAILS
Lindsey Carter
1.678.677.9919
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811457
Last Updated: 11/21/2020
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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