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PROPERTY INFO
FACTS
- Single Family
- Built In 1965
- Price/Sqft : $146.91
- 1 Days on Market
- MLS # : 6813483
- Updated Date : 11/28/2020 at 23:10
CONSTRUCTION
- Beds : 5
- Floor Size : 2,716 sqft
- Baths : 3 full
Listing Agent's Description
Dunwoody home needs your RENOVATION skills. Under $400k for a beautiful corner lot, rare 5BR plan with owner bedroom on main level, great schools, hardwood floors throughout, big sunlit rooms waiting for your renovation/updating. Lower level 2 car garage and unfinished basement. Main level features separate kitchen/family/living/dining/breakfast rooms and bedroom with bath. Upper level 4 BR and 2BA. You cannot beat location. House has "great bones." Optional Swim/Tennis at numerous places nearby. Close to Perimeter Mall, 285, 400, shops, restaurants, parks, schools,
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Dunwoody
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dunwoody
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,830 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$600 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$559
|
||
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.
$399,000
PROJECTED PRICE
$2,830
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.09% |
| Appreciation Year (1-5) | 5.6% |
| 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
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
11.5
YEARS SAVED
$82,892
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,830
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,960
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
4570 Chadwell Lane Dunwoody, GA 1
- 5 beds 3 baths ∙ 2,716 Sqft ∙ Built 1965 5 beds 3 baths ∙ 2,716 Sqft ∙ Built 1965
- Rent
- Rent Per SQFT
- $2,830
- $1.04
-
4902 Leeds Court Dunwoody, GA 2
- 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1967
LEASED 10/05/20- Rent
- Rent Per SQFT
- $2,850
- $0.98
-
5068 Vernon Oaks Drive Dunwoody, GA 3
- 5 beds 4 baths ∙ 2,662 Sqft ∙ Built 1969 5 beds 4 baths ∙ 2,662 Sqft ∙ Built 1969
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,000
- $1.13
-
4752 Pine Acres Court Atlanta, GA 4
- 5 beds 4 baths ∙ 2,794 Sqft ∙ Built 1978 5 beds 4 baths ∙ 2,794 Sqft ∙ Built 1978
LEASED 09/24/19- Rent
- Rent Per SQFT
- $3,200
- $1.15
-
4186 Chestnut Ridge Drive Dunwoody, GA 5
- 5 beds 4 baths ∙ 2,910 Sqft ∙ Built 1977 5 beds 4 baths ∙ 2,910 Sqft ∙ Built 1977
LEASED 07/24/20- Rent
- Rent Per SQFT
- $3,200
- $1.10
PROPERTY LISTING DETAILS
1.404.932.0739
1.866.250.5610
RentVest Georgia LLC
H-75957
MLS #: 6813483
Last Updated: 11/28/2020
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.
