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37 Fallen Oak Trace Dallas, GA 30132

4 Beds 3 Baths 2,339 sqft Built 2017

$299,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $128.22
  • 5 Days on Market
  • MLS # : 6824842
  • Updated Date : 01/07/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,339 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Honey STOP THE CAR!!! Come rock on the front porch of this almost new home with SO much to offer and SO much charm in the NORTH PAULDING SCHOOL DISTRICT! Come and see this 2017 built home with no carpet on the main level, a full open concept living space awesome for entertaining, white cabinet LARGE kitchen with stainless appliances, 4 bedrooms (very large with huge closets), large fenced yard and a covered patio!

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).
  • #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)
  • 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
Burnt Hickory Elementary School Primary Regular 896 54 8
Mcclure Middle School Middle Regular 1,166 62 8
North Paulding High School High Regular 2,034 91 7

Burnt Hickory Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 54
8
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,042
Property Tax -$265
Property Insurance -$72
HOA -$61
Property Management Fees -$119
CASH FLOW
$222

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.

$299,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.59%

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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$30,312

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,860

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6453$1,6504$1,7805$2,100
$2,100
RENT COMPS ANALYSIS
  • 37 Fallen Oak Trace Dallas, GA 4
    • 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.76
    •  
  • 120 Grove Meadow Drive Acworth, GA 1
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2016
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.79
    •  
  • 266 Moonlit Trail Dallas, GA 2
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2007
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.79
    •  
  • 210 Mcevers Branch Landing Acworth, GA 3
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2000
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 266 Harmony Circle Acworth, GA 5
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2017
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Leah Williamson
1.678.654.5672
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6824842
Last Updated: 01/07/2021
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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