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384 Springbrooke Trail Dallas, GA 30157

4 Beds 3 Baths 2,001 sqft Built 1993

$235,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $117.44
  • 2 Days on Market
  • MLS # : 6839749
  • Updated Date : 02/13/2021 at 13:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,001 sqft
  • Baths : 3 full
Listing Agent's Description

This home has been well loved, and very well taken care of. Move-in-ready! This 4-bedroom 3-bath home is on a quiet cul-de-sac lot, sitting on almost an acre with a fenced back yard. This open concept floorplan with large fireside family room is open to the kitchen and makes for easy entertaining. The large Owner’s Suite features a soaking tub, separate shower, and double vanity. Large shed in backyard is great for all of your outdoor storage or a small shop.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)
  • 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)

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
Mcgarity Elementary School Primary Regular 544 44 6
P.b. Ritch Middle School Middle Regular NA
East Paulding High School High Regular 1,666 85 5

Mcgarity Elementary School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 44
6
GreatSchools Rating

P.b. Ritch Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

East Paulding High School

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

$211,500$258,500$235,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$816
Property Tax -$207
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$382

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.

$235,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.68%

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$0.0$5.0k$10k$15k$20k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

12.33

YEARS SAVED

$45,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,646

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,5904$1,6255$1,795
$1,795
RENT COMPS ANALYSIS
  • 384 Springbrooke Trail Dallas, GA 3
    • 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.79
    •  
  • 12 Heartwood Crossing Dallas, GA 1
    • 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1994
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 1470 Chaseway Circle Powder Springs, GA 2
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1991
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 125 Spring View Court Dallas, GA 4
    • 5 beds 3 baths ∙ 1,864 Sqft ∙ Built 1998 5 beds 3 baths ∙ 1,864 Sqft ∙ Built 1998
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 375 Hunters Creek Dallas, GA 5
    • 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,124 Sqft ∙ Built 1997
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
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 #: 6839749
Last Updated: 02/13/2021
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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