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330 Charleston Parkway Dallas, GA 30157

4 Beds 3 Baths 1,776 sqft Built 1998

$259,900

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $146.34
  • 6 Days on Market
  • MLS # : 6846410
  • Updated Date : 02/27/2021 at 09:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,776 sqft
  • Baths : 3 full
Listing Agent's Description

Adorable 4 BR/3 BA Ranch home in a quiet little neighborhood, perfect spot in a cul-d sac and the only neighbors behind you are the horses roaming in the pasture. Spacious, open Living Room with fireplace, split bedroom plan, oversized Master Suite on one side with his/her closets and large bath with double vanities. Nice size spare bedrooms on other side of the house give plenty of privacy. Kitchen has stainless steel appliances, pantry, view to Family Room and Breakfast area.The basement has a bedroom,full bath and Living Room area.Huge two car garage with openers.

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)
  • 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)
  • 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)

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
Nebo Elementary School Primary Regular 769 46 4
South Paulding Middle School Middle Regular 506 34 6
Paulding County High School High Regular 1,748 88 6

Nebo Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 46
4
GreatSchools Rating

South Paulding Middle School

  • Education Level: Middle
  • # of students: 506
  • # of teachers: 34
6
GreatSchools Rating

Paulding County High School

  • Education Level: High
  • # of students: 1,748
  • # of teachers: 88
6
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$903
Property Tax -$229
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$3

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.

$259,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.50%

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

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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,938

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,359

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3103$1,3754$1,4755$1,500
$1,500
RENT COMPS ANALYSIS
  • 330 Charleston Parkway Dallas, GA 2
    • 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,776 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.74
    •  
  • 143 Davis Mill Drive Dallas, GA 1
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1990
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.80
    •  
  • 19 Norton Drive Dallas, GA 3
    • 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2002
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.73
    •  
  • 79 Camden Knoll Dallas, GA 4
    • 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 1998
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.70
    •  
  • 65 Cricket Court Dallas, GA 5
    • 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 2001
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
PROPERTY LISTING DETAILS
Stacey Skelton Everson
1.404.906.2266
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6846410
Last Updated: 02/27/2021
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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