Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntley Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$106,424
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
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
-
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
1.404.991.6529
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6785547
Last Updated: 12/07/2020
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.
