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2434 Dunkerrin Lane Atlanta, GA 30360

4 Beds 3 Baths 2,880 sqft Built 1968

$449,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $155.90
  • 4 Days on Market
  • MLS # : 6805107
  • Updated Date : 11/06/2020 at 10:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,880 sqft
  • Baths : 3 full
Listing Agent's Description

Great opportunity to own this beautiful updated home in Dunwoody. Fantastic location in desirable Dunwoody! Beautiful 4 Bedroom 3 Bathroom home. Home has large living room, dining area, family room with fireplace and built in bookcases, finished rec room with wet bar. Kitchen with cooktop and separate wall oven, breakfast area overlooks private fenced backyard with patio. A great opportunity to be close to I-285, hospitals, perimeter, parks, and more. This home is well updated with hardwood flooring, new carpet, granite counter tops and tile in the bathrooms.

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*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k326k

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

Neighborhood: Dunwoody

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732675

* 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
Chesnut Elementary School Primary Charter 452 30 6
Peachtree Middle School Middle Charter 1,398 95 6
Dunwoody High School High Regular 1,676 89 8

Chesnut Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 30
6
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
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,657
Property Tax -$512
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
$210

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.

$449,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.57%

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$46,555

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,873

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,580
1$2,5802$2,6503$2,8454$2,9005$3,162
$3,162
RENT COMPS ANALYSIS
  • 2434 Dunkerrin Lane Atlanta, GA 1
    • 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.90
    •  
  • 2623 Wood Hollow Drive Dunwoody, GA 2
    • 4 beds 4 baths ∙ 2,708 Sqft ∙ Built 1968 4 beds 4 baths ∙ 2,708 Sqft ∙ Built 1968
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.98
    •  
  • 4384 Huntington Circle Dunwoody, GA 3
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1965 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1965
    property image
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,845
    • $0.94
    •  
  • 4935 N Peachtree Road Dunwoody, GA 4
    • 4 beds 4 baths ∙ 2,962 Sqft ∙ Built 1972 4 beds 4 baths ∙ 2,962 Sqft ∙ Built 1972
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.98
    •  
  • 2383 Ledgewood Drive Dunwoody, GA 5
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1969
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,162
    • $1.09
    •  
PROPERTY LISTING DETAILS
Alan H Bass
1.678.427.7308
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805107
Last Updated: 11/06/2020
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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