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814 Blackberry Run Trail Dallas, GA 30132

5 Beds 4 Baths 2,716 sqft Built 2012

$429,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $157.95
  • 6 Days on Market
  • MLS # : 6846719
  • Updated Date : 02/28/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,716 sqft
  • Baths : 4 full
Listing Agent's Description

If you're looking for a gem, you just found it! This beautiful 5 bed/4 bath home is sitting on an EXTREMELY RARE large fenced-in cul-de-sac lot with one of the best long-range views in Seven Hills! The kitchen features granite, stainless apps., a butler's pantry & a large center island. The main level has an open floorplan with hardwoods throughout, dining room & bedroom w/full bath. Large master suite w/ huge walk-in closet and 3 bedrooms on the upper level with open sitting/office area. The unfinished daylight basement w/separate entrance is fram

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)
  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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
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
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,490
Property Tax -$379
Property Insurance -$80
HOA -$60
Property Management Fees -$119
CASH FLOW
-$28

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.

$429,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.49%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$15,491

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,220

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9753$2,0204$2,1005$2,495
$2,495
RENT COMPS ANALYSIS
  • 814 Blackberry Run Trail Dallas, GA 4
    • 5 beds 4 baths ∙ 2,716 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,716 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 73 Teramont Court Dallas, GA 1
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2018
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 176 Prescott Drive Acworth, GA 2
    • 4 beds 4 baths ∙ 2,454 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,454 Sqft ∙ Built 2014
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.80
    •  
  • 57 Prescott Drive Acworth, GA 3
    • 4 beds 4 baths ∙ 2,454 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,454 Sqft ∙ Built 2014
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.82
    •  
  • 52 Paddington Place Acworth, GA 5
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2004
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.91
    •  
PROPERTY LISTING DETAILS
Allen Burleson
1.678.429.7364
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6846719
Last Updated: 02/28/2021
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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