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2661 Fleur Di Lis Place Dunwoody, GA 30360

4 Beds 4 Baths 2,511 sqft Built 1965

$434,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $173.20
  • 9 Days on Market
  • MLS # : 6801116
  • Updated Date : 10/30/2020 at 15:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,511 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Gorgeous Dunwoody traditional ranch with outstanding curb appeal. Beautifully renovated eat-in kitchen with stained cabinetry, granite countertops, and stainless steel appliances. Large fireside family room and light filled sunroom with private backyard views. Huge master suite with large closet and renovated bath with double vanities. Spacious secondary bedrooms with a large bathroom with jacuzzi tub. Formal living room and banquet size dining room. Hardwood floors and numerous updates throughout. Fully fenced private backyard with large powered storage shed.

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: Winters Chapel

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k326k

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

Neighborhood: Winters Chapel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732009

* 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
Kingsley Elementary School Primary Charter 564 39 6
Peachtree Middle School Middle Charter 1,398 95 6
Dunwoody High School High Regular 1,676 89 8

Kingsley Elementary School

  • Education Level: Primary
  • # of students: 564
  • # of teachers: 39
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
 

$391,410$478,390$434,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,605
Property Tax -$501
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
$29

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.

$434,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.1%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,999

INVESTMENT

$120,999

Down Payment
$108,725
Rehab Estimate
$5,750
Closing Costs
$6,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,725
Loan Amount $326,175
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$27,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,461

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,330
1$2,3302$2,4003$2,5004$2,6505$2,900
$2,900
RENT COMPS ANALYSIS
  • 2661 Fleur Di Lis Place Dunwoody, GA 1
    • 4 beds 4 baths ∙ 2,511 Sqft ∙ Built 1965 4 beds 4 baths ∙ 2,511 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.93
    •  
  • 2587 W Fontainebleau Court W Dunwoody, GA 2
    • 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 1969
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 2857 Fontainebleau Drive Doraville, GA 3
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1968
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 2623 Wood Hollow Drive Dunwoody, GA 4
    • 4 beds 4 baths ∙ 2,708 Sqft ∙ Built 1968 4 beds 4 baths ∙ 2,708 Sqft ∙ Built 1968
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.98
    •  
  • 4664 Brunning Court Dunwoody, GA 5
    • 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1973
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.07
    •  
PROPERTY LISTING DETAILS
James R Fountain
1.404.431.1311
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6801116
Last Updated: 10/30/2020
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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