Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1673 Remington Road Brookhaven, GA 30341

4 Beds 2 Baths 1,465 sqft Built 1964

$425,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $290.10
  • 3 Days on Market
  • MLS # : 6824736
  • Updated Date : 01/09/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,465 sqft
  • Baths : 2 full
Listing Agent's Description

RARE 4 Bdrm Brick Ranch on ½ acre culdesac location. Walk to Murphy Candler Park! Move-in Ready w/ ALL of the following NEWER updates made in 2017; all stainless steel. Kitchen appliances including Frig, microwave, Gas cooktop and oven; HVAC & all new ductwork; Hardwood floors throughout; Energy efficient Windows; Updated Baths; NEWLY Painted interior 2021; Newly updated Baths. Expansive rear Patio & level rear yard ready for spring sod or seed. Solid investment for holding or building new construction like many others in n’hood which support Million + homes.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: North Brookhaven

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k505k

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

Neighborhood: North Brookhaven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732933

* 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
Montgomery Elementary School Primary Regular 752 43 7
Chamblee Middle School Middle Regular 890 52 7
Chamblee Charter High School High Charter 1,309 79 7

Montgomery Elementary School

  • Education Level: Primary
  • # of students: 752
  • # of teachers: 43
7
GreatSchools Rating

Chamblee Middle School

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 52
7
GreatSchools Rating

Chamblee Charter High School

  • Education Level: High
  • # of students: 1,309
  • # of teachers: 79
7
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,476
Property Tax -$483
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$136

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.

$425,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.5%
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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$31,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0954$2,2005$2,270
$2,270
RENT COMPS ANALYSIS
  • 1673 Remington Road Brookhaven, GA 5
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.55
    •  
  • 1593 Bubbling Creek Road Ne Brookhaven, GA 1
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1959
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.29
    •  
  • 3677 Shadow Lane Ne Brookhaven, GA 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1959
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.39
    •  
  • 1968 Plantation Lane Atlanta, GA 3
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1959
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.48
    •  
  • 1706 Harts Mill Road Chamblee, GA 4
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1961
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.29
    •  
PROPERTY LISTING DETAILS
Dianne Barber
1.678.243.9159
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6824736
Last Updated: 01/09/2021
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. © 2017 First Multiple Listing Service, Inc.

BESbswy