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1216 Druid Knoll Drive Brookhaven, GA 30319

2 Beds 2 Baths 1,408 sqft Built 1973

$289,900

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $205.89
  • 4 Days on Market
  • MLS # : 6836627
  • Updated Date : 02/06/2021 at 04:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,408 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

Only minutes from CHOA, CDC, Buckhead and interstate access, this amazing, end-unit Brookhaven townhome couldn't possibly be in a better location. Completely updated and remodeled, this home features new flooring, paint, appliances (including refrigerator, washer & dryer), spacious bedrooms and a cozy fireplace in the large, open concept living area. Enjoy tons of privacy outside while relaxing in your screened-in back porch, private balcony, or enjoy a refreshing dip in the sparkling pool just a few steps away. Stay worry free and living your best life as the HOA

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lenox Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k579k

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

Neighborhood: Lenox Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9733172

* 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
Woodward Elementary School Primary Regular 1,043 69 3
Sequoyah Middle School Middle Regular 1,416 89 4
Cross Keys High School High Regular 1,316 81 5

Woodward Elementary School

  • Education Level: Primary
  • # of students: 1,043
  • # of teachers: 69
3
GreatSchools Rating

Sequoyah Middle School

  • Education Level: Middle
  • # of students: 1,416
  • # of teachers: 89
4
GreatSchools Rating

Cross Keys High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 81
5
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,007
Property Tax -$330
Property Insurance -$54
HOA -$325
Property Management Fees -$119
CASH FLOW
$335

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.

$289,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
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$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$39,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $2,647

    COMP ESTIMATED VALUE
  • $1.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1703$2,500
$2,500
RENT COMPS ANALYSIS
  • 1216 Druid Knoll Drive Brookhaven, GA 2
    • 2 beds 2 baths ∙ 1,408 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,408 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.54
    •  
  • 1892 Fairway Circle Ne Brookhaven, GA 1
    • 2 beds 2 baths ∙ 1,209 Sqft ∙ Built 1955 2 beds 2 baths ∙ 1,209 Sqft ∙ Built 1955
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.74
    •  
  • 1001 Lindridge Way Ne Atlanta, GA 3
    • 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 1955 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 1955
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $2.02
    •  
PROPERTY LISTING DETAILS
Gregory Peters
1.770.875.2036
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6836627
Last Updated: 02/06/2021
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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