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94 Victorian Circle Dallas, GA 30157

3 Beds 3 Baths 2,119 sqft Built 1995

$229,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $108.49
  • 6 Days on Market
  • MLS # : 6811354
  • Updated Date : 11/21/2020 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,119 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautiful 3 Bed, 2 1/2 Bath Victorian Style Home w/ Wrap-Around Porch in Dallas! Features and Updates Include: Foyer, Formal Dining Room w/ Bay Window, Luxurious Easy-care Laminate Floors, Large Living Room w/ Bay Window, Wood Burning Fireplace w/ Gas Ignitor, Breakfast Area, Large Open Concept Kitchen w/ Ceramic Tile Floor, Plenty of Cabinets and Counter Space, Large Peninsula Providing More Countertop and Cabinets Below, Walk-In Pantry, 5 Burner Gas Range, Built-in Microwave/Convection Oven, Dishwasher, Bay Window Breakfast Area Leads to Covered Back Porch Overlooking

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Allgood Elementary School Primary Regular 879 57 5
Herschel Jones Middle School Middle Regular 737 44 5
Paulding County High School High Regular 1,748 88 6

Allgood Elementary School

  • Education Level: Primary
  • # of students: 879
  • # of teachers: 57
5
GreatSchools Rating

Herschel Jones Middle School

  • Education Level: Middle
  • # of students: 737
  • # of teachers: 44
5
GreatSchools Rating

Paulding County High School

  • Education Level: High
  • # of students: 1,748
  • # of teachers: 88
6
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$848
Property Tax -$203
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$242

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.

$229,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.64%

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$1.0M

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$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$37,115

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,605

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4803$1,5054$1,5855$1,800
$1,800
RENT COMPS ANALYSIS
  • 94 Victorian Circle Dallas, GA 2
    • 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.70
    •  
  • 349 Victorian Circle Dallas, GA 1
    • 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1996
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.76
    •  
  • 156 Darbys Run Way Hiram, GA 3
    • 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2005
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,505
    • $0.80
    •  
  • 59 Quail Bend Loop Dallas, GA 4
    • 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 2010
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.72
    •  
  • 604 Victorian Circle Dallas, GA 5
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1999
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
PROPERTY LISTING DETAILS
Chistopher Doss
1.678.967.9014
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6811354
Last Updated: 11/21/2020
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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