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1258 Dekalb Avenue Ne #116 Atlanta, GA 30307

2 Beds 3 Baths 1,538 sqft Built 2006

$429,900

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $279.52
  • 5 Days on Market
  • MLS # : 6804689
  • Updated Date : 11/06/2020 at 09:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,538 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Fantastic well apportioned townhome with new appliances, high ceilings, custom trim, great floor plan, extra large garage, covered private porch and much more. This spectacular townhome is located on the courtyard in the Townhomes at Candler park with perfect privacy while still easily accessible to everything that is Atlanta. Walk to MARTA, Walk to Candler Park, Walk to Little 5, Walk to Freedom Park, the Beltline and much more. This home is priced to sell, so come see it and bring your offers fast.

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

Neighborhood: Candler Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k527k

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

Neighborhood: Candler Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732815

* 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
Mary Jane Lin Elementary School Primary Regular 641 46 9
Samuel Martin Inman Middle School Middle Regular 1,001 69 8
Henry W Grady High School High Regular 1,287 96 6

Mary Jane Lin Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 46
9
GreatSchools Rating

Samuel Martin Inman Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 69
8
GreatSchools Rating

Henry W Grady High School

  • Education Level: High
  • # of students: 1,287
  • # of teachers: 96
6
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$1,586
Property Tax -$618
Property Insurance -$60
HOA -$279
Property Management Fees -$119
CASH FLOW
$158

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.

$429,900

PROJECTED PRICE

$2,820

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 6.5%
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$1.2M$1.4M

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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$33,101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.65

    LIST RENT PER SQFT
  • $2,880

    COMP ESTIMATED VALUE
  • $1.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$2,820
$2,820
RENT COMPS ANALYSIS
  • 1258 Dekalb Avenue Ne Atlanta, GA 3
    • 2 beds 3 baths ∙ 1,704 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,704 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.65
    •  
  • 37 Waverly Way Ne Atlanta, GA 1
    • 2 beds 3 baths ∙ 1,500 Sqft ∙ Built 2014 2 beds 3 baths ∙ 1,500 Sqft ∙ Built 2014
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.73
    •  
  • 1241 Mansfield Avenue Ne Atlanta, GA 2
    • 2 beds 3 baths ∙ 1,702 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,702 Sqft ∙ Built 1999
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.65
    •  
PROPERTY LISTING DETAILS
Bru Krebs
1.404.984.0243
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804689
Last Updated: 11/06/2020
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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