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37 Monarch Court Dallas, GA 30132

4 Beds 3 Baths 1,714 sqft Built 2014

$270,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $157.53
  • 4 Days on Market
  • MLS # : 6841799
  • Updated Date : 02/19/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,714 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This lovely 4 bed /2.5 bath, North Paulding home has so much to offer-high ceilings throughout main, open floor plan, neutral paint, and a separate laundry room with lots of natural light. The primary bedroom wows with a tray ceiling, walk-in closet, and a large ensuite bathroom with double vanity. The spacious kitchen features granite countertops, stained cabinetry, walk-in pantry and a view of the backyard. Enjoy watching the sunset while warming up around the fire pit in your large, fenced backyard. Fourth bedroom would make a great office or homeschooling space.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Russom Elementary School Primary Regular 814 53 8
East Paulding Middle School Middle Regular 841 50 7
North Paulding High School High Regular 2,034 91 7

Russom Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 53
8
GreatSchools Rating

East Paulding Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 50
7
GreatSchools Rating

North Paulding High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$938
Property Tax -$238
Property Insurance -$60
HOA -$41
Property Management Fees -$119
CASH FLOW
$133

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.

$270,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.57%

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$21,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,491

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5393$1,5994$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 37 Monarch Court Dallas, GA 1
    • 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.89
    •  
  • 262 Maplelake Drive Acworth, GA 2
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1994
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,539
    • $0.96
    •  
  • 49 Highlander Way Acworth, GA 3
    • 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 1999
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.80
    •  
  • 3702 Autumn View Drive Acworth, GA 4
    • 4 beds 3 baths ∙ 1,944 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,944 Sqft ∙ Built 1999
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 6109 Buck Hollow Drive Nw Acworth, GA 5
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 2003
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
PROPERTY LISTING DETAILS
Ginger Rhea
1.770.314.5916
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6841799
Last Updated: 02/19/2021
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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