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1757 Mount Vernon Road Dunwoody, GA 30338

3 Beds 2 Baths 1,984 sqft Built 1964

$425,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $214.21
  • 8 Days on Market
  • MLS # : 6819993
  • Updated Date : 12/23/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,984 sqft
  • Baths : 2 full
Listing Agent's Description

WOW!! 4 SIDE BRICK RANCH IN HEART OF DUNWOODY! Convenient to shopping & restaurants. Renovated kitchen with maple cabinets, stainless steel appliances, silestone solid surface counter tops and gorgeous tile floors. Hardwood floors throughout. Huge secondary bath with double vanity. The huge corner level lot is .40 of an acre. Large fenced in back yard with 2 patios ( 1 for cookouts and 1 for your fire pit) and a Sunroom. Lots of parking with a long driveway and 2 car side entry garage.

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: Dunwoody

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k477k

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

Neighborhood: Dunwoody

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732836

* 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
Vanderlyn Elementary School Primary Regular 713 43 9
Peachtree Middle School Middle Charter 1,398 95 6
Dunwoody High School High Regular 1,676 89 8

Vanderlyn Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 43
9
GreatSchools Rating

Peachtree Middle School

  • Education Level: Middle
  • # of students: 1,398
  • # of teachers: 95
6
GreatSchools Rating

Dunwoody High School

  • Education Level: High
  • # of students: 1,676
  • # of teachers: 89
8
GreatSchools Rating
 

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

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,568
Property Tax -$490
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$138

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

$2,380

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.6%
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$25k

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.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$37,659

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,416

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,380
1$2,3802$2,6003$2,6954$2,7005$2,850
$2,850
RENT COMPS ANALYSIS
  • 1757 Mount Vernon Road Dunwoody, GA 1
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.20
    •  
  • 4717 Pine Acres Court Dunwoody, GA 2
    • 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1954 3 beds 2 baths ∙ 2,216 Sqft ∙ Built 1954
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.17
    •  
  • 5047 Hensley Drive Dunwoody, GA 3
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1972
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.16
    •  
  • 5614 Chamblee Dunwoody Road Dunwoody, GA 4
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1964
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.24
    •  
  • 4697 Devonshire Road Dunwoody, GA 5
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1965
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.30
    •  
PROPERTY LISTING DETAILS
Rosemarie A Vincent
1.770.820.3001
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6819993
Last Updated: 12/23/2020
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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