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2452 Barn Horse Court Dacula, GA 30019

4 Beds 4 Baths 2,750 sqft Built 2013

$380,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $138.18
  • 3 Days on Market
  • MLS # : 6825765
  • Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,750 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

This beautiful 2-story foyer home, offers and open floor plan on the main level with separate dining room and living room. Large kitchen with granite counter tops, ss appliances, island and open to the family room with gas fire place. The upper level has a large retreat master bedroom with sitting area, bathroom with double vanity, separate tub and shower and large walk in closet. 3 other bedrooms with walk-in closets and jack-n-jill bathroom. Basement is ready for your special touches, new separate HVAC installed in basement and partially finished bathroom. Cul-de-sac

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 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
Harbins Elementary School Primary Regular 978 70 6
Mcconnell Middle School Middle Regular 1,666 93 8
Archer High School High Regular 2,432 121 8

Harbins Elementary School

  • Education Level: Primary
  • # of students: 978
  • # of teachers: 70
6
GreatSchools Rating

Mcconnell Middle School

  • Education Level: Middle
  • # of students: 1,666
  • # of teachers: 93
8
GreatSchools Rating

Archer High School

  • Education Level: High
  • # of students: 2,432
  • # of teachers: 121
8
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,320
Property Tax -$467
Property Insurance -$80
HOA -$55
Property Management Fees -$119
CASH FLOW
$19

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.

$380,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.54%

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,915

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,056

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0603$2,0954$2,1005$2,345
$2,345
RENT COMPS ANALYSIS
  • 2452 Barn Horse Court Dacula, GA 2
    • 4 beds 4 baths ∙ 2,750 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,750 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.75
    •  
  • 2479 Mitford Court Dacula, GA 1
    • 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2005
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
  • 1239 Victoria Walk Lane Dacula, GA 3
    • 5 beds 3 baths ∙ 2,821 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,821 Sqft ∙ Built 2019
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.74
    •  
  • 1546 Rolling View Way Dacula, GA 4
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2017
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 1230 Victoria Walk Lane Dacula, GA 5
    • 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 2020 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 2020
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.76
    •  
PROPERTY LISTING DETAILS
Wyrick Realty Group
1.770.851.1291
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6825765
Last Updated: 01/09/2021
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. © 2017 First Multiple Listing Service, Inc.

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