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306 Crestview Drive Dallas, GA 30157

4 Beds 3 Baths 2,863 sqft Built 2003

$285,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $99.55
  • 3 Days on Market
  • MLS # : 6849159
  • Updated Date : 03/06/2021 at 23:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,863 sqft
  • Baths : 3 full
Listing Agent's Description

Charming 4 bedroom 3 baths in Evans Mill! Feat an inviting split level design, this home has vaulted ceilings and a light, bright open floorplan. Oversized Master boasts sep sitting room perfect for a home office or reading nook while luxurious master bath has double vanities, sep tub/shower, & a walk in closet! Kitchen feat solid surface countertops, tile backsplash, ss appliances and stained cabinets. Suited for entertaining, the finished lower level includes 2 massive flex spaces, a spacious bedroom, full bathroom and ample room for storage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$990
Property Tax -$251
Property Insurance -$82
HOA -$42
Property Management Fees -$119
CASH FLOW
$146

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.

$285,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$22,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6303$1,8454$2,095
$2,095
RENT COMPS ANALYSIS
  • 306 Crestview Drive Dallas, GA 2
    • 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.57
    •  
  • 650 Hunters Trace Dallas, GA 1
    • 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1999
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.60
    •  
  • 118 Creekview Lane Dallas, GA 3
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1998
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.69
    •  
  • 371 Macland Mill Drive Dallas, GA 4
    • 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,961 Sqft ∙ Built 2016
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.71
    •  
PROPERTY LISTING DETAILS
Joanna Singleton
1.770.317.6818
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6849159
Last Updated: 03/06/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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