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28 Stacey Drive Dallas, GA 30157

3 Beds 2 Baths 1,986 sqft Built 1986

INVESTimate

$189,900

List Price

$1,220

$1,098 - $1,342

Rent Est.

$207,713  ( +9.38%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $95.62
  • 3 Days on Market
  • MLS # : 6771299
  • Updated Date : 08/25/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,986 sqft
  • Baths : 2 full
Listing Agent's Description

Welcome home to this adorable Ranch home. This home offers a large open and bright family room with a stone fireplace. A beautiful updated kitchen with stainless appliances, sold surface counter tops, breakfast bar large enough or 4-6 people as well as breakfast area. Master BR is oversized with plenty of space for king sized BR suite, walk-in closet and attached bath. Don't miss the downstairs "Man Cave" with exercise room, media room and bar area. It could also be used for a teen suite or use your imagination! Two car garage and yes, a large front porch and oversized

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: 30157

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $85k209k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30157

ZipNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9251509

* 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
Mcgarity Elementary School Primary Regular 544 44 6
P.b. Ritch Middle School Middle Regular NA
East Paulding High School High Regular 1,666 85 5

Mcgarity Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 44
6
GreatSchools Rating

P.b. Ritch Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

East Paulding High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 85
5
GreatSchools Rating
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$701
Property Tax -$168
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$167

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.

$189,900

PROJECTED PRICE

$1,220

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.38%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$26,140

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,350

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,3453$1,3754$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 28 Stacey Drive Dallas, 1
    • 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.61
    •  
  • 122 Georgias Lane Dallas, 2
    • 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 2003
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.67
    •  
  • 100 Cristy Drive Dallas, 3
    • 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 1986
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.65
    •  
  • 111 Crescent Brook Crossing Dallas, 4
    • 3 beds 3 baths ∙ 2,124 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,124 Sqft ∙ Built 2005
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 134 Rainwater Lane Dallas, 5
    • 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2003
    LEASED 04/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.70
    •  
PROPERTY LISTING DETAILS
Debbie Crawford
1.404.285.6506
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6771299
Last Updated: 08/25/2020
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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