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1831 D Youville Lane #1831 Chamblee, GA 30341

3 Beds 3 Baths 1,980 sqft Built 1985

$330,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $166.67
  • 4 Days on Market
  • MLS # : 6849132
  • Updated Date : 03/06/2021 at 12:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,980 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Quick close possible. Move-in ready in Brookhaven area! Recent upgrades/updates include: new roof, new exterior hardie board siding, new windows with lifetime transferrable warranty, new luxury vinyl plank hardwood flooring throughout living area, bedrooms, and hallways, new skylights, fresh paint, new carpet, and new dishwasher. Highly sought after 2-car garage located at end of street with greenspace & additional parking. Welcoming tile foyer.

SEE MORE

MARKET HIGHLIGHTS

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

PRICE & RENT TRENDS

Neighborhood: North Brookhaven

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k492k

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

Neighborhood: North Brookhaven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732914

* 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,146
Property Tax -$398
Property Insurance -$65
HOA -$350
Property Management Fees -$119
CASH FLOW
$82

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.

$330,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.65%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$16,788

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,307

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1503$2,1604$2,4005$2,900
$2,900
RENT COMPS ANALYSIS
  • 1831 D Youville Lane Brookhaven, GA 3
    • 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.09
    •  
  • 4078 Forrestal Drive Chamblee, GA 1
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1965
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.11
    •  
  • 1415 Bubbling Creek Road Ne Brookhaven, GA 2
    • 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 1970
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.06
    •  
  • 1532 Bubbling Creek Road Ne Brookhaven, GA 4
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1968
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.16
    •  
  • 4226 Long Branch Court Ne Brookhaven, GA 5
    • 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 1973
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.33
    •  
PROPERTY LISTING DETAILS
Holly Norman
1.678.575.0665
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6849132
Last Updated: 03/06/2021
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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