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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $224.93
- 4 Days on Market
- MLS # : 6810591
- Updated Date : 11/20/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,845 sqft
- Baths : 3 full , 1 half
Listing Agent's Description
The most well-placed end unit within the best gated townhouse community in Brookhaven. 2198 Weldonberry Drive hasn't hit the open market since initial sale from builder. This unit is better than new with two brand new HVAC units (2 new furnaces in attic, 2 new exterior units, 3 new control panels - each floor is a unique zone), new rear deck (overlooking peaceful greenspace), upgraded Carrera marble fireplace, and freshly painted interior and exterior. The bright and open main floor features an open-concept kitchen, breakfast room, and living room.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Brookhaven Fields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brookhaven Fields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,770 |
| EXPENSES | Loan Payment | -$1,531 |
| Property Tax | -$531 | |
| Property Insurance | -$63 | |
| HOA | -$265 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$261
|
||
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.
$415,000
PROJECTED PRICE
$2,770
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.52% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.33% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$115,725
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
6.58
YEARS SAVED
$38,008
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,770
LIST RENT -
$1.5
LIST RENT PER SQFT
-
$2,792
COMP ESTIMATED VALUE -
$1.51
COMP AVG. RENT PER SQFT
Comps Range
-
2198 Weldonberry Drive Ne Brookhaven, GA 1
- 3 beds 4 baths ∙ 1,845 Sqft ∙ Built 2008 3 beds 4 baths ∙ 1,845 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $2,770
- $1.50
-
1294 Sunland Drive Brookhaven, GA 2
- 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2012
LEASED 09/15/19- Rent
- Rent Per SQFT
- $3,000
- $1.48
-
2695 Rivers Edge Drive Ne Atlanta, GA 3
- 3 beds 4 baths ∙ 2,145 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,145 Sqft ∙ Built 2004
LEASED 07/10/20- Rent
- Rent Per SQFT
- $3,300
- $1.54
-
1094 Fairway Gardens Ne Brookhaven, GA 4
- 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 1995
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,300
- $1.52
PROPERTY LISTING DETAILS
1.678.588.3013
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6810591
Last Updated: 11/20/2020
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.
