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2570 Paul Thomas Drive Dacula, GA 30019

5 Beds 3 Baths 1,838 sqft Built 1990

$233,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $126.77
  • 4 Days on Market
  • MLS # : 6803149
  • Updated Date : 11/01/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,838 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

5 bed 3 bath Split Foyer house. Large Vaulted Family Room with Fireplace, Formal DR. Large deck perfect for entertaining. Large fenced backyard. Great and peaceful neighborhood. Fenced yard and patio are great for entertaining. Convenient access to 316, shopping centers, parks, entertainment and great schools. No HOA!

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
 

$209,700$256,300$233,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$860
Property Tax -$286
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$2

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.

$233,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.57%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,495

INVESTMENT

$67,495

Down Payment
$58,250
Rehab Estimate
$5,750
Closing Costs
$3,495

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$860

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,250
Loan Amount $174,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$13,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,299

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3303$1,4504$1,500
$1,500
RENT COMPS ANALYSIS
  • 2570 Paul Thomas Drive Dacula, GA 2
    • 5 beds 3 baths ∙ 1,838 Sqft ∙ Built 1990 5 beds 3 baths ∙ 1,838 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.72
    •  
  • 2774 Michelle Circle Dacula, GA 1
    • 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 1974
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.61
    •  
  • 2539 Pharr Avenue Dacula, GA 3
    • 5 beds 3 baths ∙ 2,185 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,185 Sqft ∙ Built 2002
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.66
    •  
  • 2721 Winky Bluff Dacula, GA 4
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2001
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Richard Rodriguez
1.706.351.3367
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803149
Last Updated: 11/01/2020
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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