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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $148.03
- 3 Days on Market
- MLS # : 6831314
- Updated Date : 01/23/2021 at 08:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,547 sqft
- Baths : 2 full
Listing Agent's Description
Charming 3-Bed/2-Bath Ranch features brand new carpet, spacious living & dining rooms, and breakfast area that opens to a screened porch, overlooking the peaceful tree-lined backyard. This home has been lovingly cared for by one owner. Located in desirable Mill Creek School district and convenient access to shopping & dining. Appliances included, property sold as-is. Make an appointment today!
SEE MORE
- 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)
- #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
- Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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: 30019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 30019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$795 |
| Property Tax | -$278 | |
| Property Insurance | -$57 | |
| HOA | -$17 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$44
|
||
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.
$229,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,435
LOAN DETAILS
$795
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
5.58
YEARS SAVED
$13,765
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,325
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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2510 Fort Daniels Drive Dacula, GA 1
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- Rent
- Rent Per SQFT
- $1,310
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2045 Amber Creek Drive Buford, GA 2
- 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1988
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,475
- $0.85
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1438 Wilkes Ive Drive Dacula, GA 3
- 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1998
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,500
- $0.86
-
2749 Evanston Court Dacula, GA 4
- 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2000
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,550
- $0.86
PROPERTY LISTING DETAILS
1.770.778.1370
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6831314
Last Updated: 01/23/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.
