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3675 Peachtree Road Ne #9 Atlanta, GA 30319

2 Beds 2 Baths 1,090 sqft Built 1960

$285,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $261.47
  • 2 Days on Market
  • MLS # : 6803549
  • Updated Date : 11/02/2020 at 15:10
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,090 sqft
  • Baths : 2 full
Listing Agent's Description

This condo has truly been loved from day one! Gorgeously updated 2 bedrooms, 2 full baths, 2 car tandem deeded covered parking and storage unit. Real hardwood flooring throughout, kitchen updated in 2017 w/painted cabinets, new hardware, Silestone countertops, penny tile backsplash, deep oversized sink & faucet. Updated Master & guest bathrooms w/ new vanities, sinks, countertops, hardware, shower enclosures & updated floors.

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: Historic Brookhaven

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200kPrice in $113k1248k

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

Neighborhood: Historic Brookhaven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000450050005500Rent in $9735895

* 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
Sarah Rawson Smith Primary School Primary Regular 1,115 73 6
Willis A. Sutton Middle School Middle Regular 1,448 93 6
North Atlanta High School High Regular 1,657 102 6

Sarah Rawson Smith Primary School

  • Education Level: Primary
  • # of students: 1,115
  • # of teachers: 73
6
GreatSchools Rating

Willis A. Sutton Middle School

  • Education Level: Middle
  • # of students: 1,448
  • # of teachers: 93
6
GreatSchools Rating

North Atlanta High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 102
6
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$1,052
Property Tax -$643
Property Insurance -$48
HOA -$385
Property Management Fees -$119
CASH FLOW
$773

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$285,000

PROJECTED PRICE

$3,020

PROJECTED RENT

1.06%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
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$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

14.83

YEARS SAVED

$81,298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $2.77

    LIST RENT PER SQFT
  • $1,744

    COMP ESTIMATED VALUE
  • $1.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$3,020
$3,020
RENT COMPS ANALYSIS
  • 3675 Peachtree Road Ne Atlanta, GA 3
    • 2 beds 2 baths ∙ 1,090 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,090 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $2.77
    •  
  • 3360 Mathieson Drive Ne Atlanta, GA 1
    • 2 beds 1 baths ∙ 1,371 Sqft ∙ Built 1953 2 beds 1 baths ∙ 1,371 Sqft ∙ Built 1953
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.46
    •  
  • 1892 Fairway Circle Ne Brookhaven, GA 2
    • 2 beds 2 baths ∙ 1,209 Sqft ∙ Built 1955 2 beds 2 baths ∙ 1,209 Sqft ∙ Built 1955
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.74
    •  
PROPERTY LISTING DETAILS
Mary Catherine Mintz
1.678.333.7541
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6803549
Last Updated: 11/02/2020
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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