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34 Northridge Lane Dallas, GA 30132

3 Beds 3 Baths 2,166 sqft Built 2002

$249,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $115.37
  • 2 Days on Market
  • MLS # : 6856402
  • Updated Date : 03/20/2021 at 11:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,166 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome home! Adorable 3 bedroom 2.5 bath home conveniently located in the North Paulding HS district. With summer on its way, this location is perfect... It's right next to the neighborhood pool! This home has been well taken care of and is perfect for the next buyer to call home. Large bonus room upstairs that can be used for anything, or even made into an additional bedroom. Newer roof, New hot water heater is being installed soon. Open House Sunday 3/21 from 1-4 PM.

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: 30132

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $88k209k

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

Zip Code: 30132

ZipNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9481509

* 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
Abney Elementary School Primary Regular 949 59 7
Moses Middle School Middle Regular 575 36 7
North Paulding High School High Regular 2,034 91 7

Abney Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 59
7
GreatSchools Rating

Moses Middle School

  • Education Level: Middle
  • # of students: 575
  • # of teachers: 36
7
GreatSchools Rating

North Paulding High School

  • Education Level: High
  • # of students: 2,034
  • # of teachers: 91
7
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$868
Property Tax -$221
Property Insurance -$69
HOA -$29
Property Management Fees -$119
CASH FLOW
$184

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.

$249,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 7.9%
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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$25,392

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,668

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5493$1,6254$1,6905$1,750
$1,750
RENT COMPS ANALYSIS
  • 34 Northridge Lane Dallas, GA 1
    • 3 beds 3 baths ∙ 2,166 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,166 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.69
    •  
  • 130 Thorndale Court Dallas, GA 2
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2017
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.74
    •  
  • 77 Lanesborough Court Dallas, GA 3
    • 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 1998
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.79
    •  
  • 66 Vivid Lane Dallas, GA 4
    • 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,269 Sqft ∙ Built 2014
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.74
    •  
  • 135 Dazzling Court Dallas, GA 5
    • 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 2014
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
PROPERTY LISTING DETAILS
Sarah Corr
1.678.492.5966
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6856402
Last Updated: 03/20/2021
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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