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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dunwoody
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
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
-
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
1.770.310.8839
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6830733
Last Updated: 01/22/2021
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.
