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35 Lake Avalon Court Dallas, GA 30157

4 Beds 3 Baths 1,770 sqft Built 1997

$219,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $124.24
  • 3 Days on Market
  • MLS # : 6826313
  • Updated Date : 02/06/2021 at 17:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,770 sqft
  • Baths : 3 full
Listing Agent's Description

**** Taking showing requests through 4 pm on Sunday February 7. Highest & Best Offers by 5 pm Sunday.**** New LISTING - Fantastic Home with 3/4 Bedrooms, 3 full baths, finished Bonus rooms in lower level. Fresh Exterior Paint. Scenic Lake frontage!! Hardwood floors & ceramic tile. Wood burning Fireplace in family room with gas starter. New roof, gutters and HVAC systems. Move-in Ready. *** NO SHOWINGS UNTIL SATURDAY FEBRUARY 6 ******

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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
New Georgia Elementary School Primary Regular 344 24 5
Scoggins Middle School Middle Regular 695 44 6
South Paulding High School High Regular 1,774 84 6

New Georgia Elementary School

  • Education Level: Primary
  • # of students: 344
  • # of teachers: 24
5
GreatSchools Rating

Scoggins Middle School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 44
6
GreatSchools Rating

South Paulding High School

  • Education Level: High
  • # of students: 1,774
  • # of teachers: 84
6
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$764
Property Tax -$194
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$312

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.

$219,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.66%

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$18k

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$38,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,394

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2993$1,3854$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 35 Lake Avalon Court Dallas, GA 4
    • 4 beds 3 baths ∙ 1,770 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,770 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 148 Kent Lane Douglasville, GA 1
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1998
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.84
    •  
  • 157 Kent Lane Douglasville, GA 2
    • 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 1999
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.71
    •  
  • 23 Kenley Lane Douglasville, GA 3
    • 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 1997
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.75
    •  
  • 60 Villa Ridge Drive Dallas, GA 5
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1995
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Cyndy Davis Marlow
1.678.787.4279
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6826313
Last Updated: 02/06/2021
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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