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376 Ivy Chase Loop Dallas, GA 30157

4 Beds 3 Baths 2,600 sqft Built 2016

$275,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $105.77
  • 8 Days on Market
  • MLS # : 6831940
  • Updated Date : 01/26/2021 at 08:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,600 sqft
  • Baths : 3 full
Listing Agent's Description

If you're looking for luxury living and a spacious floor plan, the search is over! This gorgeous 4 bedroom, 3 bathroom home sits on a large level lot with fenced in backyard and a covered patio. Inside, you'll love the modern flooring and natural lighting. The kitchen boasts ample cabinet space, granite countertops and a massive island. The oversided master bedroom is complete with beautiful en-suite & large walk in closet.

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • 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 World’s Busiest Airport(Airports Council International, 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
Allgood Elementary School Primary Regular 879 57 5
Herschel Jones Middle School Middle Regular 737 44 5
Paulding County High School High Regular 1,748 88 6

Allgood Elementary School

  • Education Level: Primary
  • # of students: 879
  • # of teachers: 57
5
GreatSchools Rating

Herschel Jones Middle School

  • Education Level: Middle
  • # of students: 737
  • # of teachers: 44
5
GreatSchools Rating

Paulding County High School

  • Education Level: High
  • # of students: 1,748
  • # of teachers: 88
6
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$955
Property Tax -$243
Property Insurance -$77
HOA -$50
Property Management Fees -$119
CASH FLOW
$106

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.

$275,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.4%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$18,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,567

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,465
1$1,4652$1,5503$1,5654$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 376 Ivy Chase Loop Dallas, GA 2
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.60
    •  
  • 51 Morrison Crossing Dallas, GA 1
    • 3 beds 2 baths ∙ 2,596 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,596 Sqft ∙ Built 2009
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.56
    •  
  • 483 Baywood Way Hiram, GA 3
    • 5 beds 3 baths ∙ 2,718 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,718 Sqft ∙ Built 2007
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.58
    •  
  • 45 Baywood Crossing Hiram, GA 4
    • 5 beds 3 baths ∙ 2,758 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,758 Sqft ∙ Built 2006
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.60
    •  
  • 32 Quail Bend Way Dallas, GA 5
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 2017
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
PROPERTY LISTING DETAILS
Sharon Margolin
1.404.323.8385
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6831940
Last Updated: 01/26/2021
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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