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371 Trotters Way Dallas, GA 30132

4 Beds 3 Baths 2,260 sqft Built 2001

$257,500

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $113.94
  • 3 Days on Market
  • MLS # : 6844015
  • Updated Date : 02/27/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,260 sqft
  • Baths : 3 full
Listing Agent's Description

Lots of space in this unique floor plan! Main level offers a nice sized kitchen with stainless steel appliances, giant fireside family room, and separate dining room with hardwoods throughout. Owner’s Suite upstairs features newer carpet, two closets, double vanities in the bath, plus separate tub, and shower. Also 2 larger secondary bedrooms upstairs. The lower level has hardwood floors, large flex room/bedroom, bath, and laundry room. Great fenced yard on a large corner lot. HVAC was installed in 2016, water heater in 2015.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Northside Elementary School Primary Regular 447 28 7
Moses Middle School Middle Regular 575 36 7
East Paulding High School High Regular 1,666 85 5

Northside Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 28
7
GreatSchools Rating

Moses Middle School

  • Education Level: Middle
  • # of students: 575
  • # of teachers: 36
7
GreatSchools Rating

East Paulding High School

  • Education Level: High
  • # of students: 1,666
  • # of teachers: 85
5
GreatSchools Rating
 

$231,750$283,250$257,500

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$894
Property Tax -$227
Property Insurance -$71
HOA -$40
Property Management Fees -$119
CASH FLOW
$169

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.

$257,500

PROJECTED PRICE

$1,520

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$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$73,988

INVESTMENT

$73,988

Down Payment
$64,375
Rehab Estimate
$5,750
Closing Costs
$3,863

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$894

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,375
Loan Amount $193,125
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$23,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5453$1,5504$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 371 Trotters Way Dallas, GA 1
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.67
    •  
  • 128 Kades Cove Drive Dallas, GA 2
    • 3 beds 2 baths ∙ 2,235 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,235 Sqft ∙ Built 2001
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.69
    •  
  • 225 Cottonwood Loop Dallas, GA 3
    • 4 beds 4 baths ∙ 2,183 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,183 Sqft ∙ Built 1999
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.71
    •  
  • 77 Lanesborough Court Dallas, GA 4
    • 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 1998
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.79
    •  
  • 490 Silver Oak Drive Dallas, GA 5
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2015
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
PROPERTY LISTING DETAILS
Nicole France
1.404.867.3869
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6844015
Last Updated: 02/27/2021
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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