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

2319 Bry Mar Drive Ne Atlanta, GA 30345

3 Beds 3 Baths 2,268 sqft Built 1961

$450,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $198.41
  • 1 Days on Market
  • MLS # : 6834471
  • Updated Date : 01/30/2021 at 22:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,268 sqft
  • Baths : 3 full
Listing Agent's Description

Your dream mid-century home is here! Absolutely move-in ready, gorgeous ranch home flooded with light—completely renovated kitchen and master bath, updated guest bath, large finished basement with 3rd bath that could be an extra bedroom, den—you name it! Gleaming hardwoods, large living room and kitchen/eat-in area. Kitchen has French doors out to a large deck overlooking the huge private backyard.

SEE MORE

MARKET HIGHLIGHTS

  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (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).
  • 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)
  • #1 World’s Busiest Airport(Airports Council International, 2018)

PRICE & RENT TRENDS

Zip Code: 30345

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k435k

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

Zip Code: 30345

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732426

* 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
Hawthorne Elementary School Primary Regular 398 37 5
Henderson Middle School Middle Regular 1,578 95 6
Lakeside High School High Regular 2,048 111 7

Hawthorne Elementary School

  • Education Level: Primary
  • # of students: 398
  • # of teachers: 37
5
GreatSchools Rating

Henderson Middle School

  • Education Level: Middle
  • # of students: 1,578
  • # of teachers: 95
6
GreatSchools Rating

Lakeside High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 111
7
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,563
Property Tax -$592
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$45

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.

$450,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.3%
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-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$16,851

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,540

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,3003$2,4004$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 2319 Bry Mar Drive Ne Atlanta, GA 2
    • 3 beds 3 baths ∙ 2,268 Sqft ∙ Built 1961 3 beds 3 baths ∙ 2,268 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
  • 4388 Briarcliff Road Ne Atlanta, GA 1
    • 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1957
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.00
    •  
  • 2889 Bonanza Drive Decatur, GA 3
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1963
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
  • 2070 Abby Lane Atlanta, GA 4
    • 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 1956 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 1956
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.15
    •  
  • 2490 Echo Drive Ne Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1960
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.30
    •  
PROPERTY LISTING DETAILS
Kirsten Conover
1.404.386.1103
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6834471
Last Updated: 01/30/2021
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.

BESbswy