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Newer Home with Renovation Upside in Atlanta
Dallas, GA 30132
Newer Home with Renovation Upside in Atlanta
Dallas, GA 30132
6.0%
Year 1 Cap Rate$340,964
10 yr cash flow9.17%
10 yr IRRDetails
- Lot size20,040
- Rentable Sq.Ft2,200
- $/Rentable Sq.Ft$125
- Monthly rent$2,050
- Safety deposit$2,050
- Estimated reserve$3,500
- Lease start2024-08-01
- Lease end2025-07-31
- HOAYes
- Flood zoneNo
FIGURES SUBJECT TO CHANGE
Long-term investors stand to benefit from the following factors:
- Off-market opportunity to acquire a newer home with renovation upside
- Opportunity to increase rental income through renovations and unlock equity
- Low going-in basis for both single family homes in a metro with a strong rental demand
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Dallas, 30132
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $24,442 | $24,600 | $25,584 | $27,672 | $33,667 |
| Vacancy & Collection Loss | ($0) | ($984) | ($1,023) | ($1,107) | ($1,347) |
| Operating revenues | $24,442 | $23,616 | $24,561 | $26,565 | $32,320 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($758) | ($780) | ($804) | ($853) | ($988) |
| Insurance | ($1,612) | ($1,660) | ($1,710) | ($1,814) | ($2,103) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($0) | ($615) | ($640) | ($692) | ($842) |
| Property management | ($1,173) | ($1,181) | ($1,228) | ($1,328) | ($1,616) |
| Real estate taxes | ($3,917) | ($4,035) | ($4,156) | ($4,409) | ($5,111) |
| Repairs and maintenance | ($611) | ($1,230) | ($1,279) | ($1,384) | ($1,683) |
| Operating expenses | ($8,071) | ($9,501) | ($9,817) | ($10,480) | ($12,343) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $24,442 | $23,616 | $24,561 | $26,565 | $32,320 |
| Operating expenses | ($8,071) | ($9,501) | ($9,817) | ($10,480) | ($12,343) |
| Net Operating Income | $16,371 | $14,115 | $14,744 | $16,085 | $19,977 |
| Cap Rate | 6.0% | 5.1% | 5.4% | 5.8% | 7.3% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,389) | ($1,430) | ($1,473) | ($1,563) | ($1,812) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,389) | ($1,430) | ($1,473) | ($1,563) | ($1,812) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $14,982 | $12,685 | $13,271 | $14,522 | $18,165 |
| Cash yield | 5.1% | 4.3% | 4.5% | 4.9% | 6.1% |
Acquisition Equity
| Down payment | ($275,000) | |||
|---|---|---|---|---|
| Title insurance | ($4,125) | |||
| Debt costs | ||||
| Acquisition fee | ($8,250) | |||
| Home Buyer Inspection | ($500) | |||
| Leasing Fee | ($3,075) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($2,075) | |||
| Total | ($296,525) | |||
Disposition Proceeds
| Estimated sale price | $499,917 | |||
|---|---|---|---|---|
| Disposition fee | ($4,999) | |||
| Other disposition costs | ($9,998) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $484,919 | |||
