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6284 Sayre Drive Nw Dallas, GA 30157

4 Beds 2 Baths 1,536 sqft Built 1996

$267,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $173.83
  • 4 Days on Market
  • MLS # : 6819750
  • Updated Date : 12/18/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent's Description

Location! Location! Location! This 4-bedroom home boasts open concept living at its best. Come prepare family meals in this spacious kitchen with white Shaker kitchen cabinets with soft close drawers, granite countertops and stainless-steel appliances. All the bedrooms are spacious and don’t miss the bedroom in the basement. This home is estate owned and has to be signed off by the courts.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Cambridge Lake

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $88k321k

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

Neighborhood: Cambridge Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9482009

* 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
Vaughan Elementary School Primary Regular 661 43 8
Lost Mountain Middle School Middle Regular 945 58 9
Harrison High School High Regular 1,947 99 9

Vaughan Elementary School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 43
8
GreatSchools Rating

Lost Mountain Middle School

  • Education Level: Middle
  • # of students: 945
  • # of teachers: 58
9
GreatSchools Rating

Harrison High School

  • Education Level: High
  • # of students: 1,947
  • # of teachers: 99
9
GreatSchools Rating
 

$240,300$293,700$267,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$985
Property Tax -$236
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$83

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.

$267,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 9.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,505

INVESTMENT

$76,505

Down Payment
$66,750
Rehab Estimate
$5,750
Closing Costs
$4,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$985

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,750
Loan Amount $200,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$24,512

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,236

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4254$1,4505$1,480
$1,480
RENT COMPS ANALYSIS
  • 6284 Sayre Drive Nw Dallas, GA 5
    • 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,536 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.96
    •  
  • 256 Quail Hollow Drive Dallas, GA 1
    • 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
    •  
  • 43 Ashwood Drive Dallas, GA 2
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1995
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.78
    •  
  • 80 Mount Tabor Court Dallas, GA 3
    • 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1998
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.82
    •  
  • 126 Wellington Court Dallas, GA 4
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1996
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
PROPERTY LISTING DETAILS
Liz Mensey
1.404.398.8110
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6819750
Last Updated: 12/18/2020
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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