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56 Valley Brook Court Dallas, GA 30132

4 Beds 3 Baths 2,312 sqft Built 2016

$267,873

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $115.86
  • 2 Days on Market
  • MLS # : 6821806
  • Updated Date : 12/26/2020 at 12:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,312 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome home to the Brookside S/D and the awesome Brentwood floorplan featuring 4 bedrooms 2.5 bathrooms boasting lots of additional upgrades fenced rear yard, and fantastic oversized storage building. The main level features life proof floors in the foyer, kitchen, and eat in kitchen area. Stained kitchen cabinets with granite countertops with custom tiled backsplash with a island that is open to the the eat in kitchen, entertaining family room and dining room. The upstairs has 4 wonderful bedrooms including the oversized owners suite with private spa bathroom and

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (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
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
 

$241,086$294,660$267,873

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$988
Property Tax -$236
Property Insurance -$72
HOA -$25
Property Management Fees -$119
CASH FLOW
$210

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.

$267,873

PROJECTED PRICE

$1,650

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,736

INVESTMENT

$76,736

Down Payment
$66,968
Rehab Estimate
$5,750
Closing Costs
$4,018

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$988

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,968
Loan Amount $200,905
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$33,912

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6353$1,6504$1,6805$1,695
$1,695
RENT COMPS ANALYSIS
  • 56 Valley Brook Court Dallas, GA 3
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 128 Kades Cove Drive Dallas, GA 1
    • 3 beds 2 baths ∙ 2,235 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,235 Sqft ∙ Built 2001
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.69
    •  
  • 111 Westridge Circle Dallas, GA 2
    • 5 beds 3 baths ∙ 2,394 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,394 Sqft ∙ Built 2014
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.68
    •  
  • 1015 Saddle Brooke Drive Dallas, GA 4
    • 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 1999
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.79
    •  
  • 490 Silver Oak Drive Dallas, GA 5
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2015
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
PROPERTY LISTING DETAILS
Stephen Corrao
1.770.880.9344
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821806
Last Updated: 12/26/2020
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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