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1709 Dunwoody Place Ne Atlanta, GA 30324

3 Beds 2 Baths 1,618 sqft Built 1961

$399,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $246.60
  • 5 Days on Market
  • MLS # : 6827569
  • Updated Date : 01/16/2021 at 16:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,618 sqft
  • Baths : 2 full
Listing Agent's Description

Adorable ranch in highly sought after Pine Hills! Open concept with 3 bedrooms, 2 baths, laundry room and an inviting sunroom off the kitchen. Off the sunroom is a spacious two-tiered backyard perfect for entertaining. Home has been well maintained by current owner and is ready for someone to come in and make it their own! Conveniently located near Lenox Mall, Phipps Mall, 85, 400, Costco, Target, Publix and plenty of restaurants.

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).
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 World’s Busiest Airport(Airports Council International, 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: Pine Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k505k

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

Neighborhood: Pine Hills

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
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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,386
Property Tax -$513
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$3

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.

$399,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,288

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,253

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,080
1$2,0802$2,1003$2,1504$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 1709 Dunwoody Place Ne Atlanta, GA 1
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.29
    •  
  • 1979 Tall Tree Drive Ne Brookhaven, GA 2
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1960
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.22
    •  
  • 1097 Lynmoor Drive Ne Atlanta, GA 3
    • 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,431 Sqft ∙ Built 1955
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.50
    •  
  • 1169 Wild Creek Trail Atlanta, GA 4
    • 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1953
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.28
    •  
  • 1914 Ne Woodsdale Road Ne Brookhaven, GA 5
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1953
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.57
    •  
PROPERTY LISTING DETAILS
Carly Wooten
1.404.750.3475
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6827569
Last Updated: 01/16/2021
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.

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