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450 Bone Circle Dallas, GA 30132

3 Beds 3 Baths 1,532 sqft Built 1999

$229,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $149.48
  • 4 Days on Market
  • MLS # : 6813236
  • Updated Date : 11/28/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautifully updated charming home in a great location and East Paulding school district! This homes updates includes fresh paint, new hardwood floors in all bedrooms and family room, kitchen has new granite tops and tile backsplash and updated white cabinets, luxury vinyl planks in all bathrooms and new gas logs. This home features family room with fireplace, eat in kitchen with tile floors and easy 1 STEP ENTRY from garage. Master on main with door to your private porch, Master bath with Garden tub and separate shower and walk in closet. Additional half bath on main

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #1 Most affordable big city (WalletHub, 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'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)

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
Abney Elementary School Primary Regular 949 59 7
Moses Middle School Middle Regular 575 36 7
East Paulding High School High Regular 1,666 85 5

Abney Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 59
7
GreatSchools Rating

Moses Middle School

  • Education Level: Middle
  • # of students: 575
  • # of teachers: 36
7
GreatSchools Rating

East Paulding High School

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

$206,100$251,900$229,000

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 -$845
Property Tax -$202
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$157

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.

$229,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.60%

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$900k

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$26,860

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
  • $0.9

    LIST RENT PER SQFT
  • $1,356

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3803$1,4504$1,5505$1,625
$1,625
RENT COMPS ANALYSIS
  • 450 Bone Circle Dallas, GA 2
    • 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.90
    •  
  • 65 Crestwood Drive Dallas, GA 1
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1997
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
  • 190 Birch River Crossing Dallas, GA 3
    • 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 2019
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 138 Birchfield Way Dallas, GA 4
    • 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,715 Sqft ∙ Built 2007
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 69 Kaiser Court Dallas, GA 5
    • 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2003
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.88
    •  
PROPERTY LISTING DETAILS
Scott Sanders
1.770.833.1484
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813236
Last Updated: 11/28/2020
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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