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3730 Summer Rose Drive Chamblee, GA 30341

3 Beds 3 Baths 1,616 sqft Built 1997

$395,500

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $244.74
  • 4 Days on Market
  • MLS # : 6845831
  • Updated Date : 02/26/2021 at 15:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,616 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Beautifully maintained home on quiet cul-de-sac with a large level backyard in sought after Chamblee. Light bright open floor plan. Formal dining or living room off the foyer opens to the large chef's kitchen, breakfast room and two story fireside family room. Kitchen featuring granite countertops, stainless steel appliances and tile backsplash. MUST SEE landscaped, level and fenced backyard - extremely private! Owner's suite with trey ceilings, walk-in closet and spa-like bath. Two spacious secondary bedrooms share a jack and jill bath. Neutral decor throughout,

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Huntley Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k374k

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

Neighborhood: Huntley Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9732069

* 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
Huntley Hills Elementary School Primary Regular 493 36 5
Chamblee Middle School Middle Regular 890 52 7
Chamblee Charter High School High Charter 1,309 79 7

Huntley Hills Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 36
5
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
 

$355,950$435,050$395,500

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,374
Property Tax -$517
Property Insurance -$58
HOA -$27
Property Management Fees -$119
CASH FLOW
$54

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.

$395,500

PROJECTED PRICE

$2,150

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.1%
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$1.4M

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$110,558

INVESTMENT

$110,558

Down Payment
$98,875
Rehab Estimate
$5,750
Closing Costs
$5,933

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,374

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,875
Loan Amount $296,625
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$21,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $1,988

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,150
$2,150
RENT COMPS ANALYSIS
  • 3730 Summer Rose Drive Chamblee, GA 2
    • 3 beds 3 baths ∙ 1,616 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,616 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.33
    •  
  • 3758 Summer Rose Drive Atlanta, GA 1
    • 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 1997
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.23
    •  
PROPERTY LISTING DETAILS
The Suits Team
1.404.580.7568
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6845831
Last Updated: 02/26/2021
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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