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665 Mulberry Park Circle Dacula, GA 30019

5 Beds 3 Baths 2,873 sqft Built 2015

$297,400

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $103.52
  • 3 Days on Market
  • MLS # : 6839952
  • Updated Date : 02/13/2021 at 16:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,873 sqft
  • Baths : 3 full
Listing Agent's Description

Well maintained traditional brick front 2 story home in Greythorne Estates. New LVP main level flooring with an open concept. Bedroom and full bath on main level. Oversized master with good sized secondary bedrooms and laundry upstairs. Nice flat wood fenced backyard on a quiet corner lot. Easy walking access to Rabbit Hill park down the street. Gwinnett schools, close to shopping and restaurants. Won't last long. Schedule your private tour today.

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
 

$267,660$327,140$297,400

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,033
Property Tax -$360
Property Insurance -$83
HOA -$27
Property Management Fees -$119
CASH FLOW
$218

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.

$297,400

PROJECTED PRICE

$1,840

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,561

INVESTMENT

$84,561

Down Payment
$74,350
Rehab Estimate
$5,750
Closing Costs
$4,461

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,350
Loan Amount $223,050
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$32,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8003$1,8404$1,8495$1,980
$1,980
RENT COMPS ANALYSIS
  • 665 Mulberry Park Circle Dacula, GA 3
    • 5 beds 3 baths ∙ 2,873 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,873 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.64
    •  
  • 1002 Fairmont Park Drive Dacula, GA 1
    • 4 beds 2 baths ∙ 2,604 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,604 Sqft ∙ Built 2001
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.61
    •  
  • 297 Collingsworth Trace Lawrenceville, GA 2
    • 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
    •  
  • 900 River Valley Drive Dacula, GA 4
    • 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2000
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.70
    •  
  • 425 Beckenham Walk Drive Dacula, GA 5
    • 5 beds 3 baths ∙ 2,936 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,936 Sqft ∙ Built 2004
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.67
    •  
PROPERTY LISTING DETAILS
Doug Jacobs
1.678.250.3877
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839952
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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