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353 Cooper Creek Drive Dallas, GA 30157

4 Beds 2 Baths 2,321 sqft Built 2005

INVESTimate

$265,000

List Price

$1,620

$1,458 - $1,782

Rent Est.

$289,857  ( +9.38%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $114.17
  • 8 Days on Market
  • MLS # : 6769044
  • Updated Date : 08/20/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,321 sqft
  • Baths : 2 full
Listing Agent's Description

This renovated Ranch home is in the Cooper Creek Subdivision ~ Dallas. There is no HOA.....so come quick. This one level living boasts 4 bedrooms and renovations include a new HVAC, new gutters, new interior paint, new flooring and a newly painted front door. The large kitchen features new flooring, stained cabinets and a sunny breakfast area. The formal dining room is appointed with wainscoting and is ready to host your dinner parties. Relax with a book by the stacked stone fireplace in the great room.

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
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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

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$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$978
Property Tax -$234
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
$217

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.

$265,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.38%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$35,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5003$1,620
$1,620
RENT COMPS ANALYSIS
  • 353 Cooper Creek Drive Dallas, 3
    • 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.70
    •  
  • 79 Camden Knoll Dallas, 1
    • 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,097 Sqft ∙ Built 1998
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.70
    •  
  • 295 Norton Drive Dallas, 2
    • 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 2001
    property image
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.72
    •  
PROPERTY LISTING DETAILS
Melissa Krudwig
1.770.310.3269
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6769044
Last Updated: 08/20/2020
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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