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2522 Carleton Gold Road Dacula, GA 30019

5 Beds 3 Baths 2,384 sqft Built 2007

$329,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $138.00
  • 6 Days on Market
  • MLS # : 6827200
  • Updated Date : 01/14/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,384 sqft
  • Baths : 3 full
Listing Agent's Description

Gorgeous home in a friendly neighborhood. It features a beautiful elevated backyard with bistro-like patio that witnesses breath-taking sunsets. Inside, this home fells ample & cozy simultaneously. The open kitchen offers a view that commands the entirely family & breakfast area while offering privacy to both formal living & dining rooms. The master bedromm is inviting, relaxing & peaceful; a great oasis after a busy day at work. Its bathroom features an inviting jetted tub help relax & a large walk-in closet. This home will not last on the market. Don't wait!

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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 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
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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,143
Property Tax -$399
Property Insurance -$73
HOA -$44
Property Management Fees -$119
CASH FLOW
$63

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.

$329,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.56%

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$19,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,770

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8004$1,8405$1,849
$1,849
RENT COMPS ANALYSIS
  • 2522 Carleton Gold Road Dacula, GA 4
    • 5 beds 3 baths ∙ 2,384 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,384 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.77
    •  
  • 2595 Fairmont Park Court Dacula, GA 1
    • 4 beds 2 baths ∙ 2,206 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,206 Sqft ∙ Built 2001
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 120 Sweet Auburn Lane Dacula, GA 2
    • 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
    •  
  • 2876 Spence Court Dacula, GA 3
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2005
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 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
Laura Delgado
1.470.509.7434
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827200
Last Updated: 01/14/2021
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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