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3650 Ashford Dunwoody Road Ne #111 Brookhaven, GA 30319

2 Beds 2 Baths 1,092 sqft Built 1971

$209,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $192.22
  • 6 Days on Market
  • MLS # : 6848644
  • Updated Date : 03/04/2021 at 08:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,092 sqft
  • Baths : 2 full
Listing Agent's Description

PRISTINE 2BR 2BA CONDO IN THE HEAT OF BROOKHAVEN, GATED COMMUNITY, MAIN LEVEL END UNIT, ALL NEW INTERIOR TILE FLOORING, NEW PAINT, GRANITE COUNTER TOPS, LARGE PANTRY, FULLY EQUIPPED LIVING INCLUDES WASHER/DRYER AND REFRIGERATOR, 2 LARGE BEDROOMS WITH DOUBLE CLOSETS, TILE BATHS, SUNNY AND OPEN FLOOR PLAN, NEW ROOF & GUTTERS, HOA/AMENITIES INCLUDE WATER, TRASH, EXTERIOR MAINTENANCE, POOL, AND DOG PARK #THISISHOME

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 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)
  • 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 has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Neighborhood: North Brookhaven

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $113k505k

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

Neighborhood: North Brookhaven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732933

* 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
Montgomery Elementary School Primary Regular 752 43 7
Chamblee Middle School Middle Regular 890 52 7
Chamblee Charter High School High Charter 1,309 79 7

Montgomery Elementary School

  • Education Level: Primary
  • # of students: 752
  • # of teachers: 43
7
GreatSchools Rating

Chamblee Middle School

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 52
7
GreatSchools Rating

Chamblee Charter High School

  • Education Level: High
  • # of students: 1,309
  • # of teachers: 79
7
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$729
Property Tax -$255
Property Insurance -$48
HOA -$340
Property Management Fees -$119
CASH FLOW
$179

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.

$209,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 7.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$19,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $1,969

    COMP ESTIMATED VALUE
  • $1.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,8503$2,2954$2,395
$2,395
RENT COMPS ANALYSIS
  • 3650 Ashford Dunwoody Road Ne Brookhaven, GA 1
    • 2 beds 2 baths ∙ 1,092 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,092 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.53
    •  
  • 4071 Ashford Dunwoody Road Ne Brookhaven, GA 2
    • 2 beds 2 baths ∙ 1,290 Sqft ∙ Built 1954 2 beds 2 baths ∙ 1,290 Sqft ∙ Built 1954
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.43
    •  
  • 1566 Park Creek Lane Ne Brookhaven, GA 3
    • 2 beds 3 baths ∙ 1,400 Sqft ∙ Built 1984 2 beds 3 baths ∙ 1,400 Sqft ∙ Built 1984
    property image
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.64
    •  
  • 1562 Park Creek Lane Ne Brookhaven, GA 4
    • 2 beds 2 baths ∙ 1,024 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,024 Sqft ∙ Built 1984
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $2.34
    •  
PROPERTY LISTING DETAILS
Angela Neal
1.404.597.3901
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6848644
Last Updated: 03/04/2021
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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