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2451 Merrion Park Court Dacula, GA 30019

3 Beds 2 Baths 2,523 sqft Built 2002

$294,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $116.88
  • 2 Days on Market
  • MLS # : 6821896
  • Updated Date : 12/26/2020 at 21:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,523 sqft
  • Baths : 2 full
Listing Agent's Description

You will be impressed by this well-maintained, 3/2 ranch on a full unfinished basement. Gorgeous hardwoods greet you in the foyer that leads to a large great room/w gas fireplace to warm your toes! Oversized kitchen w/sitting area for entertaining also includes those hardwoods! Master is off the living room, large bathroom w/dual sinks/marble! Two add'l bedrooms on separate hall are spacious w/secondary bathroom across the hall. Backyard is a beauty! Fenced in yard is gorgeously maintained for privacy and grilling out!

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • 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
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
 

$265,410$324,390$294,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,088
Property Tax -$361
Property Insurance -$76
HOA -$44
Property Management Fees -$119
CASH FLOW
$133

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.

$294,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,899

INVESTMENT

$83,899

Down Payment
$73,725
Rehab Estimate
$5,750
Closing Costs
$4,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,725
Loan Amount $221,175
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$28,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,678

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,6003$1,7954$1,8205$1,849
$1,849
RENT COMPS ANALYSIS
  • 2451 Merrion Park Court Dacula, GA 4
    • 3 beds 2 baths ∙ 2,523 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,523 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.72
    •  
  • 2773 Austin Ridge Drive Dacula, GA 1
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2006
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.65
    •  
  • 1002 Fairmont Park Drive Dacula, GA 2
    • 4 beds 2 baths ∙ 2,604 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,604 Sqft ∙ Built 2001
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.61
    •  
  • 120 Sweet Auburn Lane Dacula, GA 3
    • 4 beds 2 baths ∙ 2,582 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,582 Sqft ∙ Built 1993
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 900 River Valley Drive Dacula, GA 5
    • 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2000
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.70
    •  
PROPERTY LISTING DETAILS
Shannon Brabner
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821896
Last Updated: 12/26/2020
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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