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367 Cobblestone Trail Dallas, GA 30132

4 Beds 3 Baths 2,305 sqft Built 2019

$320,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $138.83
  • 4 Days on Market
  • MLS # : 6827444
  • Updated Date : 01/15/2021 at 11:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,305 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Why wait for new construction when you can be in this amazing home before spring? Less than 2 years old, this home has it all! Amazing, open floor plan on the main floor. Bright open kitchen with SS appliances, granite countertops, 42 inch cabinets and a spacious walk-in pantry. The large covered deck right off the kitchen and overlooking a private backyard is perfect for watching TV and enjoying the spring weather. Large master suite, beautiful tiled shower with frameless door and a huge walk-in closet! Full, daylight basement, unfinished and stubbed for a bath.

SEE MORE

MARKET HIGHLIGHTS

  • #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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 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
Mcclure Middle School Middle Regular 1,166 62 8
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

Mcclure Middle School

  • Education Level: Middle
  • # of students: 1,166
  • # of teachers: 62
8
GreatSchools Rating

North Paulding High School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,111
Property Tax -$285
Property Insurance -$72
HOA -$64
Property Management Fees -$119
CASH FLOW
$39

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.

$320,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.53%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$15,369

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,804

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,7503$1,8004$1,9155$1,990
$1,990
RENT COMPS ANALYSIS
  • 367 Cobblestone Trail Dallas, GA 1
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.73
    •  
  • 122 Parkmont Court Dallas, GA 2
    • 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2005
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 134 Pine Hill Court Dallas, GA 3
    • 4 beds 4 baths ∙ 2,537 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,537 Sqft ∙ Built 2013
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 146 Parkmont Court Dallas, GA 4
    • 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,395 Sqft ∙ Built 2005
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,915
    • $0.80
    •  
  • 307 Fieldstone Lane Dallas, GA 5
    • 5 beds 3 baths ∙ 2,314 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,314 Sqft ∙ Built 2015
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.86
    •  
PROPERTY LISTING DETAILS
Katie Perkins
1.404.805.7605
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827444
Last Updated: 01/15/2021
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. © 2017 First Multiple Listing Service, Inc.

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