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3795 Admiral Drive Chamblee, GA 30341

4 Beds 2 Baths 1,882 sqft Built 1963

$379,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $201.86
  • 81 Days on Market
  • MLS # : 6785547
  • Updated Date : 12/07/2020 at 18:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,882 sqft
  • Baths : 1 full , 1 half
Listing Agent's Description

Beautiful brick front home in sought after Huntley Hills. Enjoy all this home has to offer with its open concept living room and dining room, downstairs great room, and plenty of room for entertaining outside with the covered deck and patio. Home is near downtown Chamblee, Brookhaven, Keswick Park, Rail Trail, and so much more. Notable home features include hardwood floors, crown molding, upgraded light fixtures, faucets and door hardware, new roof, and water heater. The neighborhood has a playground and optional private Swim/Tennis.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 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)

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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,402
Property Tax -$462
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$77

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.

$379,900

PROJECTED PRICE

$1,970

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$15,552

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,962

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8003$1,9704$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 3795 Admiral Drive Chamblee, GA 3
    • 4 beds 2 baths ∙ 1,882 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,882 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.05
    •  
  • 4078 Forrestal Drive Chamblee, GA 1
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1965
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 3972 N Peachtree Road Atlanta, GA 2
    • 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1950
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 1967 Commodore Lane Chamblee, GA 4
    • 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 1964
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.17
    •  
  • 1998 Commodore Court Atlanta, GA 5
    • 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1965
    LEASED 04/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.20
    •  
PROPERTY LISTING DETAILS
Linde Moore
1.404.991.6529
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6785547
Last Updated: 12/07/2020
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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