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3782 Montford Drive Chamblee, GA 30341

3 Beds 3 Baths 2,283 sqft Built 1963

$495,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $216.82
  • 3 Days on Market
  • MLS # : 6804056
  • Updated Date : 11/14/2020 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,283 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Make yourself at home in the White House of Chamblee!   Enjoy the charm of this updated 3 BR/2.5 BA home w/ 2-car garage and screened-in porch in the highly sought after and family friendly Huntley Hills neighborhood! This split foyer home has the main living area up and includes an open floorpan with a large living room, expansive dining room, updated kitchen with eat in breakfast area, and sliding doors onto the screened in porch. Windows let a lot of light into this home! The Owners Suite has been recently painted and owners bath beautifully remodeled (2020) with a

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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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 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)
  • 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)

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
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,826
Property Tax -$648
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$114

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.

$495,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.52%

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$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$18,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,603

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4994$2,5505$2,750
$2,750
RENT COMPS ANALYSIS
  • 3782 Montford Drive Chamblee, GA 4
    • 3 beds 3 baths ∙ 2,283 Sqft ∙ Built 1963 3 beds 3 baths ∙ 2,283 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.12
    •  
  • 1532 Bubbling Creek Road Ne Brookhaven, GA 1
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 1968
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.16
    •  
  • 1550 Old Spring House Lane Dunwoody, GA 2
    • 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1962 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1962
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.12
    •  
  • 1694 Harts Mill Road Ne Brookhaven, GA 3
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1961
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.18
    •  
  • 3426 Keswick Drive Chamblee, GA 5
    • 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1950 4 beds 2 baths ∙ 2,500 Sqft ∙ Built 1950
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.10
    •  
PROPERTY LISTING DETAILS
Susan Eshback
1.404.429.7078
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6804056
Last Updated: 11/14/2020
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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