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2617 Briers North Drive Dunwoody, GA 30360

4 Beds 4 Baths 2,298 sqft Built 1986

$499,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $217.15
  • 4 Days on Market
  • MLS # : 6830733
  • Updated Date : 01/22/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,298 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Fantastic classic home on cul de sac with wrap around covered front porch and tranquil fenced private backyard, complete with premium artificial turf backyard and putting green! Three levels of above ground updated living. 3rd floor complete with huge full bathroom - could be 2nd master or private in-home office. Everything about this property reflects warmth and comfort of a traditional well maintained home in popular Briers North. Covered swinging front porch, refinished wide plank true heart of pine wood floors throughout, updated lighting fixtures & fresh interior

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,733
Property Tax -$569
Property Insurance -$66
HOA -$8
Property Management Fees -$119
CASH FLOW
-$76

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.

$499,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.48%

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-$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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$17,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,019

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,2004$2,2505$2,420
$2,420
RENT COMPS ANALYSIS
  • 2617 Briers North Drive Atlanta, GA 5
    • 4 beds 4 baths ∙ 2,034 Sqft ∙ Built 1986 4 beds 4 baths ∙ 2,034 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.19
    •  
  • 2607 Fontainebleau Drive Atlanta, GA 1
    • 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 1966
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 4882 Happy Hollow Road Dunwoody, GA 2
    • 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,101 Sqft ∙ Built 1970
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
  • 2842 Winterhaven Court Atlanta, GA 3
    • 4 beds 4 baths ∙ 2,086 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,086 Sqft ∙ Built 1999
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
  • 4769 Dunover Circle Doraville, GA 4
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 1968
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.97
    •  
PROPERTY LISTING DETAILS
Bill Haas
1.770.310.8839
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6830733
Last Updated: 01/22/2021
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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