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345 Westridge Circle Dallas, GA 30132

5 Beds 3 Baths 2,492 sqft Built 2015

$260,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $104.33
  • 3 Days on Market
  • MLS # : 6813306
  • Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,492 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Ring in the New Year in your new home in the highly sought after North Paulding HS district! Gorgeous craftsman style home w/ grand 2 story foyer, boasting hardwood floors throughout the main level, separate dining room, lg gourmet kitchen w/ tons of cabinets, granite countertops, tile backsplash, cozy fireside family room, upstairs you will find 5 spacious bedrooms w/ ample storage, full bathroom, large master bedroom w/ master bath w/ dual vanities, soaking tub and shower, massive walk-in closet. Lg walk-in crawl space w/ tons of storage plus private wooded backyard.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$959
Property Tax -$230
Property Insurance -$75
HOA -$29
Property Management Fees -$119
CASH FLOW
$157

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.

$260,000

PROJECTED PRICE

$1,570

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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$27,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,626

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5703$1,6354$1,6505$1,945
$1,945
RENT COMPS ANALYSIS
  • 345 Westridge Circle Dallas, GA 2
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.63
    •  
  • 555 Westridge Circle Dallas, GA 1
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2016
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.61
    •  
  • 111 Westridge Circle Dallas, GA 3
    • 5 beds 3 baths ∙ 2,394 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,394 Sqft ∙ Built 2014
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.68
    •  
  • 116 Westridge Circle Dallas, GA 4
    • 4 beds 2 baths ∙ 2,624 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,624 Sqft ∙ Built 2007
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.63
    •  
  • 53 Birchfield Court Dallas, GA 5
    • 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2006
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.69
    •  
PROPERTY LISTING DETAILS
Jessica Johnson
1.678.760.8709
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813306
Last Updated: 11/28/2020
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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