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3245 Dogwood Drive Powder Springs, GA 30127

4 Beds 3 Baths 2,211 sqft Built 1991

$249,700

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $112.94
  • 2 Days on Market
  • MLS # : 6805530
  • Updated Date : 11/07/2020 at 10:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,211 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

WELCOME HOME FOR THE HOLIDAYS! THIS TRADITIONAL HOME ON THE HILL OFFERS FORMAL LIVING & DINING ROOM, FAMILY ROOM WITH FIREPLACE. HARDWOODS ON THE MAIN. LARGE KITCHEN WITH BREAKFAST AREA OVERLOOKING THE PRIVATE WOODED BACKYARD. ASEND UPSTAIRS TO THE OWNERS SUITE WITH SPA-LIKE BATH FEATURING A GARDEN TUB. TWO WELL-APPOINTED SECONDARY BEDROOMS WITH LARGE CLOSETS. TERRACE LEVEL FEATURES A BONUS BEDROOM/ENTERTAINMENT SPACE

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

Neighborhood: Spring Crossing

NeighborhoodNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $82k216k

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

Neighborhood: Spring Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* 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
Compton Elementary School Primary Regular 583 49 4
Tapp Middle School Middle Regular 769 51 8
Mceachern High School High Regular 2,239 122 6

Compton Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 49
4
GreatSchools Rating

Tapp Middle School

  • Education Level: Middle
  • # of students: 769
  • # of teachers: 51
8
GreatSchools Rating

Mceachern High School

  • Education Level: High
  • # of students: 2,239
  • # of teachers: 122
6
GreatSchools Rating
 

$224,730$274,670$249,700

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$921
Property Tax -$271
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$29

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$249,700

PROJECTED PRICE

$1,410

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
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$800k

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$71,921

INVESTMENT

$71,921

Down Payment
$62,425
Rehab Estimate
$5,750
Closing Costs
$3,746

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$921

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,425
Loan Amount $187,275
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,847

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,285
1$1,2852$1,4103$1,5004$1,5005$1,675
$1,675
RENT COMPS ANALYSIS
  • 3245 Dogwood Drive Powder Springs, GA 2
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.64
    •  
  • 3071 Palomino Drive Powder Springs, GA 1
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1985
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.69
    •  
  • 3395 Lochness Lane Powder Springs, GA 3
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1994
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.69
    •  
  • 4268 Akins Ridge Lane Powder Springs, GA 4
    • 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,174 Sqft ∙ Built 1999
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.69
    •  
  • 2859 Rhonda Dale Drive Powder Springs, GA 5
    • 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2000
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.75
    •  
PROPERTY LISTING DETAILS
Donna Middlebrooks
1.770.314.6059
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805530
Last Updated: 11/07/2020
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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