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400 Mount Laurel Drive Dallas, GA 30132

3 Beds 2 Baths 2,110 sqft Built 2004

$220,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $104.27
  • 1 Days on Market
  • MLS # : 6816128
  • Updated Date : 12/05/2020 at 22:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,110 sqft
  • Baths : 2 full
Listing Agent's Description

Picture-perfect stepless RANCH in quiet neighborhood! Here is the house for which you've been looking! Professional photos 12/7. Imagine the holidays in this beautiful, open floor plan home. Nest/Google-Home smart home features! Sep DR has view to huge LR w/ marble FP & gas logs. Spacious kit w/ 2 y/o SS appliances, center island w/ seating for 2, & sep breakfast room. Sunroom/keeping room makes a perfect office, playroom, or sitting rm. Updated baths and laundry room. Generous BRs don't disappoint. 1st Guest BR has bay window.

SEE MORE

MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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
Dallas Elementary School Primary Regular 471 31 5
P.b. Ritch Middle School Middle Regular NA
East Paulding High School High Regular 1,666 85 5

Dallas Elementary School

  • Education Level: Primary
  • # of students: 471
  • # of teachers: 31
5
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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$812
Property Tax -$264
Property Insurance -$68
HOA -$15
Property Management Fees -$119
CASH FLOW
$103

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.

$220,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.63%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$18,938

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,493

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3653$1,3804$1,4995$1,795
$1,795
RENT COMPS ANALYSIS
  • 400 Mount Laurel Drive Dallas, GA 3
    • 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.65
    •  
  • 215 Arrowhead Drive Dallas, GA 1
    • 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2007
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.67
    •  
  • 298 Arrowhead Drive Dallas, GA 2
    • 3 beds 3 baths ∙ 1,903 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,903 Sqft ∙ Built 2005
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.72
    •  
  • 211 Hollyhock Lane Dallas, GA 4
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2015
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.68
    •  
  • 124 Donegal Way Dallas, GA 5
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2019
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
PROPERTY LISTING DETAILS
Leslie Bowman
1.678.201.7294
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6816128
Last Updated: 12/05/2020
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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