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88 Due West Trail Dallas, GA 30157

4 Beds 2 Baths 1,830 sqft Built 1995

$229,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $125.14
  • 1 Days on Market
  • MLS # : 6813481
  • Updated Date : 11/28/2020 at 21:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,830 sqft
  • Baths : 2 full
Listing Agent's Description

Beautiful Remodeled Split Level 4 BR/2BA Home! New Carpet/Laminate Flooring/Paint/Lighting/Garage Doors And More Inside and Out! Large Family Room W/Vaulted Ceilings & Fireplace! Updated Kitchen W/SS Appliances & Granite Countertops W/Undermount Sinks! At Least 8 Person Dining Room! 2 Upstairs Bedrooms Share The Hall Bath Which Has New Vanity/Top/Faucet/Toilet/Mirror/Lighting! Spacious Master Bedroom W/Walk-in Closet! Master Bath Includes New Vanity/Faucet/Mirror/Lighting/Toilet! Finished Basement Could Be 4th Bedroom/Rec Room/Man Cave/Teen Suite/In Law Suite! R

SEE MORE

MARKET HIGHLIGHTS

  • 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 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)

PRICE & RENT TRENDS

Zip Code: 30157

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $85k209k

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

Zip Code: 30157

ZipNIR Market*CityMarket2010Year20002019 Q295010001050110011501200125013001350140014501500Rent in $9251509

* 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
Russom Elementary School Primary Regular 814 53 8
East Paulding Middle School Middle Regular 841 50 7
North Paulding High School High Regular 2,034 91 7

Russom Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 53
8
GreatSchools Rating

East Paulding Middle School

  • Education Level: Middle
  • # of students: 841
  • # of teachers: 50
7
GreatSchools Rating

North Paulding High School

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

$206,100$251,900$229,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$845
Property Tax -$202
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$222

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.

$229,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 9.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$34,662

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,437

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3953$1,4254$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 88 Due West Trail Dallas, GA 4
    • 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 209 Kelly Court Dallas, GA 1
    • 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 1987
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.77
    •  
  • 43 Ashwood Drive Dallas, GA 2
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1995
    property image
    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
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.82
    •  
  • 235 Stevenson Trail Dallas, GA 5
    • 4 beds 2 baths ∙ 2,019 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,019 Sqft ∙ Built 1998
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
PROPERTY LISTING DETAILS
Charles A Norman
1.404.520.9358
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6813481
Last Updated: 11/28/2020
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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