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14 Ivy Ridge Ne Atlanta, GA 30342

3 Beds 4 Baths 1,982 sqft Built 1972

$335,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $169.02
  • 3 Days on Market
  • MLS # : 6834000
  • Updated Date : 01/30/2021 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,982 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Updated, modern townhouse in prime Buckhead location! Three finished levels! Features include separate dining room with built-in butlers pantry. Opened kitchen with modern cabinetry and granite. Cozy living room with hardwood floors and back deck access that overlooks trees-perfect for entertaining! Main level is complete with an updated powder room with quartz. Second level features two primary suites, one has a completely updated bathroom with new shower! Finished basement with large storage room, laundry room with chute, bonus room/bedroom/flex space, full bath, and

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (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).
  • 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 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Neighborhood: North Buckhead

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: North Buckhead

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9734234

* 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
Sarah Rawson Smith Primary School Primary Regular 1,115 73 6
Willis A. Sutton Middle School Middle Regular 1,448 93 6
North Atlanta High School High Regular 1,657 102 6

Sarah Rawson Smith Primary School

  • Education Level: Primary
  • # of students: 1,115
  • # of teachers: 73
6
GreatSchools Rating

Willis A. Sutton Middle School

  • Education Level: Middle
  • # of students: 1,448
  • # of teachers: 93
6
GreatSchools Rating

North Atlanta High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 102
6
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,164
Property Tax -$388
Property Insurance -$65
HOA -$380
Property Management Fees -$119
CASH FLOW
$554

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$335,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

11.83

YEARS SAVED

$62,365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $3,231

    COMP ESTIMATED VALUE
  • $1.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,670
1$2,6702$2,7503$3,1004$3,2005$3,700
$3,700
RENT COMPS ANALYSIS
  • 14 Ivy Ridge Ne Atlanta, GA 1
    • 3 beds 4 baths ∙ 1,982 Sqft ∙ Built 1972 3 beds 4 baths ∙ 1,982 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.35
    •  
  • 388 Lakemoore Drive Ne Atlanta, GA 2
    • 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 1954
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.56
    •  
  • 340 Allison Drive Ne Atlanta, GA 3
    • 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 1954
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.71
    •  
  • 3573 Old Ivy Lane Ne Atlanta, GA 4
    • 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1955
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.66
    •  
  • 4186 Beverly Lane Ne Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1978
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.59
    •  
PROPERTY LISTING DETAILS
Jessica Thompson
1.770.490.4615
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6834000
Last Updated: 01/30/2021
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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