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875 Willow Park Court Dacula, GA 30019

5 Beds 3 Baths 2,202 sqft Built 1997

INVESTimate

$279,000

List Price

$1,560

$1,404 - $1,716

Rent Est.

$296,493  ( +6.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $126.70
  • 7 Days on Market
  • MLS # : 6770264
  • Updated Date : 08/22/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,202 sqft
  • Baths : 3 full
Listing Agent's Description

This home is PERFECTION! Perfectly maintained....this split level home has everything to offer the pickiest buyer from the moment you walk in. Cherry hardwood floors, freshly painted and updated. Beautiful and updated kitchen that offers views to the family/living area, eat in the kitchen and formal dining room so you won't miss a beat when entertaining. Large owner's suite and bath that includes oversized garden tub, separate shower, dual vanities and large and bright walk-in closet. 2 additional generous sized bedrooms and bath on the main level as well.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
Dacula Elementary School Primary Regular 1,284 72 7
Dacula Middle School Middle Regular 1,617 87 8
Dacula High School High Regular 1,944 100 7

Dacula Elementary School

  • Education Level: Primary
  • # of students: 1,284
  • # of teachers: 72
7
GreatSchools Rating

Dacula Middle School

  • Education Level: Middle
  • # of students: 1,617
  • # of teachers: 87
8
GreatSchools Rating

Dacula High School

  • Education Level: High
  • # of students: 1,944
  • # of teachers: 100
7
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,029
Property Tax -$338
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$4

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.

$279,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.27%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$16,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,519

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5603$1,6504$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 875 Willow Park Court Dacula, 2
    • 5 beds 3 baths ∙ 2,202 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,202 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.71
    •  
  • 2773 Austin Ridge Drive Dacula, 1
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2006
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.65
    •  
  • 3578 Rock Elm Court Auburn, 3
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2013
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.66
    •  
  • 1196 Clear Stream Ridge Auburn, 4
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2015
    LEASED 05/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 228 Stone Cold Street Dacula, 5
    • 5 beds 3 baths ∙ 2,435 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,435 Sqft ∙ Built 2013
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
PROPERTY LISTING DETAILS
Meko Fountain
1.678.358.2589
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6770264
Last Updated: 08/22/2020
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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