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2833 Greenbrook Trail Ne Atlanta, GA 30345

4 Beds 3 Baths 2,776 sqft Built 1963

$469,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $168.95
  • 15 Days on Market
  • MLS # : 6798250
  • Updated Date : 10/25/2020 at 00:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,776 sqft
  • Baths : 3 full
Listing Agent's Description

A must see, this multi-level home with lots of character is larger than it looks with more square footage than is typical for the area. Seller is the original owner who had the home custom built. Large kitchen opens to an oversized family room with excellent flow for entertaining. The home has three bedrooms on the upper level with an additional bedroom and bath on the lower level.

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

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
Briarlake Elementary School Primary Regular 401 31 6
Henderson Middle School Middle Regular 1,578 95 6
Lakeside High School High Regular 2,048 111 7

Briarlake Elementary School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 31
6
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
 

$422,100$515,900$469,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,730
Property Tax -$607
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
-$127

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.

$469,000

PROJECTED PRICE

$2,410

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$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$16,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,006

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,1004$2,3005$2,410
$2,410
RENT COMPS ANALYSIS
  • 2833 Greenbrook Trail Ne Atlanta, GA 5
    • 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.87
    •  
  • 2221 Pinecliff Drive Ne Atlanta, GA 1
    • 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 1962 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 1962
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.64
    •  
  • 2839 Country Squire Lane Decatur, GA 2
    • 3 beds 2 baths ∙ 2,790 Sqft ∙ Built 1967 3 beds 2 baths ∙ 2,790 Sqft ∙ Built 1967
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 4389 Briarcliff Road Ne Atlanta, GA 3
    • 4 beds 3 baths ∙ 3,125 Sqft ∙ Built 1952 4 beds 3 baths ∙ 3,125 Sqft ∙ Built 1952
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.67
    •  
  • 2777 Cravey Forest Lane Ne Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 1980
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kenneth Wilber
1.404.246.3745
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6798250
Last Updated: 10/25/2020
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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