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44 Mary Street Dallas, GA 30157

3 Beds 2 Baths 1,824 sqft Built 1985

$214,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $117.32
  • 2 Days on Market
  • MLS # : 6822995
  • Updated Date : 01/02/2021 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,824 sqft
  • Baths : 2 full
Listing Agent's Description

NO HOA! Newly renovated! Charming Split level home in a great location in Dallas! This home offers 3 Bedrooms, 2 Baths, new windows, carpet, flooring throughout including hardwoods, new interior & exterior paint! The kitchen boasts Granite countertops, custom backsplash, and plenty of counters & cabinet space! Master offers Tiled flooring, Granite counters, Board & Batton accent wall, and new carpet! Large family room with cozy, gas fireplace and custom built Hall Tree nook!

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • 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)

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
Roberts Elementary School Primary Regular 636 40 6
East Paulding Middle School Middle Regular 841 50 7
East Paulding High School High Regular 1,666 85 5

Roberts Elementary School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 40
6
GreatSchools Rating

East Paulding Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 50
7
GreatSchools Rating

East Paulding High School

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

$192,600$235,400$214,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$790
Property Tax -$189
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$260

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.

$214,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.66%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,460

INVESTMENT

$62,460

Down Payment
$53,500
Rehab Estimate
$5,750
Closing Costs
$3,210

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$790

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,500
Loan Amount $160,500
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$38,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,477

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,3503$1,4004$1,4205$1,795
$1,795
RENT COMPS ANALYSIS
  • 44 Mary Street Dallas, GA 4
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.78
    •  
  • 286 Macland Springs Drive Dallas, GA 1
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1985
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.79
    •  
  • 256 Quail Hollow Drive Dallas, GA 2
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1985
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.84
    •  
  • 12 Heartwood Crossing Dallas, GA 3
    • 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
    •  
  • 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
Jessica Humphries
1.770.870.4049
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6822995
Last Updated: 01/02/2021
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. © 2017 First Multiple Listing Service, Inc.

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