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63 Sunset Lane Dallas, GA 30132

3 Beds 2 Baths 1,749 sqft Built 1993

$224,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $128.59
  • 3 Days on Market
  • MLS # : 6815794
  • Updated Date : 12/05/2020 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,749 sqft
  • Baths : 2 full
Listing Agent's Description

Newly remodeled large cape cod on a large cul de sac lot. Large rocking chair front porch. Newly painted in and out. New gutters, New HVAC, New Hot water heater, New flooring throughout, New granite tops, New stainless appliances, New light fixtures, Large back deck for entertaining. North Paulding High district! Close to shopping. Must see this home it is very clean and ready to move in. Show and sell!!

SEE MORE

MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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
Shelton Elementary School At Crossroad Primary Regular 1,070 58 8
Mcclure Middle School Middle Regular 1,166 62 8
North Paulding High School High Regular 2,034 91 7

Shelton Elementary School At Crossroad

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 58
8
GreatSchools Rating

Mcclure Middle School

  • Education Level: Middle
  • # of students: 1,166
  • # of teachers: 62
8
GreatSchools Rating

North Paulding High School

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

$202,410$247,390$224,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$830
Property Tax -$198
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$122

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.

$224,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.59%

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$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$22,936

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,487

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,5993$1,6004$1,750
$1,750
RENT COMPS ANALYSIS
  • 63 Sunset Lane Dallas, GA 1
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.76
    •  
  • 49 Highlander Way Acworth, GA 2
    • 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 1999
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.80
    •  
  • 205 Maplewood Lane Acworth, GA 3
    • 4 beds 3 baths ∙ 1,768 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,768 Sqft ∙ Built 1995
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 30 Teramont Court Dallas, GA 4
    • 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2013
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
PROPERTY LISTING DETAILS
Melynda Jackson
1.770.823.4446
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6815794
Last Updated: 12/05/2020
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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