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548 Grand Ivey Place Ne Dacula, GA 30019

4 Beds 3 Baths 2,689 sqft Built 2006

$339,888

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $126.40
  • 3 Days on Market
  • MLS # : 6832898
  • Updated Date : 02/13/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,689 sqft
  • Baths : 3 full
Listing Agent's Description

Move-in ready 4 Bedroom, 3 Bath Home in sought-after Ivy Chase in the Mountain View District. Freshly painted interior and new carpet installed throughout. The 2-Story Foyer welcomes you inside, with access to the Formal Dining Room & spacious Family Room with a gas fireplace, gleaming hardwoods, and built-in cabinets. The Kitchen offers abundant cabinetry, all new stainless-steel appliances, a breakfast bar and opens to the Breakfast Area. Also, on the Main Level is a hard-to-find Bedroom with a Full Bathroom tucked away in the back of the house. Upstairs includes an

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: 30019

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30019

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Dyer Elementary School Primary Regular 750 51 9
Twin Rivers Middle School Middle Regular 1,570 85 9
Mountain View High School High Regular 2,103 100 7

Dyer Elementary School

  • Education Level: Primary
  • # of students: 750
  • # of teachers: 51
9
GreatSchools Rating

Twin Rivers Middle School

  • Education Level: Middle
  • # of students: 1,570
  • # of teachers: 85
9
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 2,103
  • # of teachers: 100
7
GreatSchools Rating
 

$305,899$373,877$339,888

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,181
Property Tax -$412
Property Insurance -$79
HOA -$44
Property Management Fees -$119
CASH FLOW
$146

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.

$339,888

PROJECTED PRICE

$1,980

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,820

INVESTMENT

$95,820

Down Payment
$84,972
Rehab Estimate
$5,750
Closing Costs
$5,098

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,972
Loan Amount $254,916
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$26,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,943

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,9004$1,9005$1,980
$1,980
RENT COMPS ANALYSIS
  • 548 Grand Ivey Place Ne Dacula, GA 5
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.74
    •  
  • 297 Collingsworth Trace Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 2012
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.66
    •  
  • 2544 Apalachee Run Way Dacula, GA 2
    • 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,359 Sqft ∙ Built 2001
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 726 Retreat Woods Way Dacula, GA 3
    • 3 beds 3 baths ∙ 2,640 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,640 Sqft ∙ Built 2015
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 296 Collingsworth Trace Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2012
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
PROPERTY LISTING DETAILS
Hunter Kirkman
1.678.773.0088
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6832898
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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