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401 Mount Laurel Drive Dallas, GA 30132

3 Beds 3 Baths 1,835 sqft Built 2005

$199,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $108.94
  • 3 Days on Market
  • MLS # : 6811640
  • Updated Date : 11/21/2020 at 14:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,835 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Fabulous Location! Home well maintained and ready to move in! Enter into the Grand Two Story Great Room, bring your large furniture! Separate Dining Area, great for entertaining. Bright Open Kitchen with lots of Cabinets , Counter Space, and Breakfast Area. Kitchen Level Two Car Garage! Upstairs Large Master Suite with Romantic Bath, Garden Tub , Separate Shower and Walk in Closet. Two Large Secondary Bedrooms. Private Patio , Level Lot, LEvel Driveway, Cul-de-Sac. Spend Your Christmas in this Wonderful home. Min HOA dues.

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)
  • 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)

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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$738
Property Tax -$201
Property Insurance -$63
HOA -$15
Property Management Fees -$119
CASH FLOW
$155

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.

$199,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.65%

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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$24,260

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,372

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,2903$1,3154$1,3655$1,505
$1,505
RENT COMPS ANALYSIS
  • 401 Mount Laurel Drive Dallas, GA 2
    • 3 beds 3 baths ∙ 1,835 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,835 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.70
    •  
  • 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
    •  
  • 41 Arrowhead Drive Dallas, GA 3
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2002
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,315
    • $0.80
    •  
  • 298 Arrowhead Drive Dallas, GA 4
    • 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
    •  
  • 156 Darbys Run Way Hiram, GA 5
    • 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2005
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,505
    • $0.80
    •  
PROPERTY LISTING DETAILS
David A Holmes
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811640
Last Updated: 11/21/2020
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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