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2495 Alexa Chase Cove Dacula, GA 30019

5 Beds 5 Baths 2,997 sqft Built 2014

$365,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2014
  • Price/Sqft : $121.79
  • 15 Days on Market
  • MLS # : 6798370
  • Updated Date : 11/02/2020 at 17:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,997 sqft
  • Baths : 4 full , 1 half
Listing Agent's Description

Beautiful, well maintained craftsman style home in a quiet neighborhood. Home has granite countertops, hardwood floors, a media room, large dining room, an in-law suite on the main level and an open floor plan. Some of the unique features are floating shelf bookcases in the living room, tray ceilings in the master, coffered ceiling in the dining room and custom shed outside.  The basement has a finished kitchen, a bedroom with a walk-in closet, built in bunk beds and an amazing bathroom with custom barnwood doors.

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
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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,347
Property Tax -$449
Property Insurance -$85
HOA -$54
Property Management Fees -$119
CASH FLOW
-$93

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.

$365,000

PROJECTED PRICE

$1,960

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,505

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,958

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9603$2,0504$2,250
$2,250
RENT COMPS ANALYSIS
  • 2495 Alexa Chase Cove Dacula, GA 2
    • 5 beds 5 baths ∙ 2,997 Sqft ∙ Built 2014 5 beds 5 baths ∙ 2,997 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.65
    •  
  • 1588 Sooner Court Lawrenceville, GA 1
    • 5 beds 3 baths ∙ 2,766 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,766 Sqft ∙ Built 2015
    LEASED 05/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
  • 1258 Mitford Lane Dacula, GA 3
    • 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 2008
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.62
    •  
  • 1334 Slate Bend Drive Dacula, GA 4
    • 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2016
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.69
    •  
PROPERTY LISTING DETAILS
Mark Spain
1.770.886.9000
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6798370
Last Updated: 11/02/2020
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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