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2727 Rocky Trail Court Dacula, GA 30019

4 Beds 3 Baths 2,847 sqft Built 2002

$340,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $119.42
  • 6 Days on Market
  • MLS # : 6821191
  • Updated Date : 12/23/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,847 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Stunning home located in the desirable Mill Creek School District. Freshly painted with gleaming hardwood floors. Spacious 4 bedroom/2.5 bath with formal dining room, formal living room/den and family room with views into the kitchen. Lovely master retreat with deep tray ceiling and private bath. Spacious secondary bedrooms. Put this one at the top of your list to see today!

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
Fort Daniel Elementary School Primary Regular 666 45 9
Frank N. Osborne Middle School Middle Regular 1,639 98 9
Mill Creek High School High Regular 3,780 191 9

Fort Daniel Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 45
9
GreatSchools Rating

Frank N. Osborne Middle School

  • Education Level: Middle
  • # of students: 1,639
  • # of teachers: 98
9
GreatSchools Rating

Mill Creek High School

  • Education Level: High
  • # of students: 3,780
  • # of teachers: 191
9
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,254
Property Tax -$412
Property Insurance -$82
HOA -$48
Property Management Fees -$119
CASH FLOW
$94

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.

$340,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.59%

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$27,058

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,808

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7453$1,9004$2,0005$2,010
$2,010
RENT COMPS ANALYSIS
  • 2727 Rocky Trail Court Dacula, GA 5
    • 5 beds 3 baths ∙ 2,847 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,847 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.71
    •  
  • 2472 Lance Ridge Way Buford, GA 1
    • 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 2004
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.62
    •  
  • 1446 Belfaire Trace Dacula, GA 2
    • 5 beds 3 baths ∙ 2,794 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,794 Sqft ∙ Built 2000
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.62
    •  
  • 1826 Nichol Ferry Court Buford, GA 3
    • 4 beds 3 baths ∙ 3,082 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,082 Sqft ∙ Built 2004
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.62
    •  
  • 2492 Lance Ridge Way Buford, GA 4
    • 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 2004
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
PROPERTY LISTING DETAILS
Georgia G Edwards
1.678.898.5807
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821191
Last Updated: 12/23/2020
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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