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2860 Barimore Place Dacula, GA 30019

4 Beds 3 Baths 2,946 sqft Built 2002

$339,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $115.07
  • 13 Days on Market
  • MLS # : 6801568
  • Updated Date : 11/14/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,946 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

GREAT BUY 4 BEDROOMS, 2.5 BATH ON LARGE BASEMENT HOME WITH BIG FENCED YARD IN ARCHER HS DISTRICT. NEW PAINT, NEW FLOORS, NEW CARPET, NEW SS APPLIANCES, NEW ROOF, COMPLETELY RENOVATED, LOOKS LIKE NEW CONDITION WITH OPEN FLOOR PLAN, LARGE MASTER, SOLID SURFACE COUNTERS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)

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
Harbins Elementary School Primary Regular 978 70 6
Mcconnell Middle School Middle Regular 1,666 93 8
Archer High School High Regular 2,432 121 8

Harbins Elementary School

  • Education Level: Primary
  • # of students: 978
  • # of teachers: 70
6
GreatSchools Rating

Mcconnell Middle School

  • Education Level: Middle
  • # of students: 1,666
  • # of teachers: 93
8
GreatSchools Rating

Archer High School

  • Education Level: High
  • # of students: 2,432
  • # of teachers: 121
8
GreatSchools Rating
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,251
Property Tax -$411
Property Insurance -$84
HOA -$16
Property Management Fees -$119
CASH FLOW
$120

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.

$339,000

PROJECTED PRICE

$2,000

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$20k

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$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$29,922

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,136

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,250
$2,250
RENT COMPS ANALYSIS
  • 2860 Barimore Place Dacula, GA 1
    • 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.68
    •  
  • 1546 Rolling View Way Dacula, GA 2
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 2017
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 1334 Slate Bend Drive Dacula, GA 3
    • 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2016
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.69
    •  
PROPERTY LISTING DETAILS
Kapil Dave Bhandari
1.770.771.4646
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6801568
Last Updated: 11/14/2020
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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