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61 Aberdeen Way Dallas, GA 30132

3 Beds 3 Baths 1,632 sqft Built 2016

$221,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $135.42
  • 13 Days on Market
  • MLS # : 6839942
  • Updated Date : 02/13/2021 at 14:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,632 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Welcome home!! Only 4 years new!! This beautiful single family home features 3br, 2.5bth, with a large fenced in backyard!! Property just listed on Friday, Feb 12th. Working with FMLS to update. Schedule all showing apt through ShowingTime. This home will only be available to show on Saturday, Feb 13th between 1p-5p and Sunday, Feb 14th between 12p-4p. Please use hand sanitizer, mask, and booties when you enter. Booties and hand sanitizer provided. *******************Please use showing time to schedule appointment .**********

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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: 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
Northside Elementary School Primary Regular 447 28 7
Moses Middle School Middle Regular 575 36 7
North Paulding High School High Regular 2,034 91 7

Northside Elementary School

  • Education Level: Primary
  • # of students: 447
  • # of teachers: 28
7
GreatSchools Rating

Moses Middle School

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

North Paulding High School

  • Education Level: High
  • # of students: 2,034
  • # of teachers: 91
7
GreatSchools Rating
 

$198,900$243,100$221,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$768
Property Tax -$195
Property Insurance -$59
HOA -$41
Property Management Fees -$119
CASH FLOW
$168

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.

$221,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.61%

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

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$64,315

INVESTMENT

$64,315

Down Payment
$55,250
Rehab Estimate
$5,750
Closing Costs
$3,315

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$768

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,250
Loan Amount $165,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$22,693

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,665

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4353$1,5754$1,585
$1,585
RENT COMPS ANALYSIS
  • 61 Aberdeen Way Dallas, GA 1
    • 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 34 Steeple Chase Trail Dallas, GA 2
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1996
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $1.00
    •  
  • 146 Steeple Chase Trail Dallas, GA 3
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1998
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.85
    •  
  • 29 Darby Court Dallas, GA 4
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2003
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $1.21
    •  
PROPERTY LISTING DETAILS
Eboni Holstcollins
1.404.273.0909
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839942
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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