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4584 Lake Village Drive Dunwoody, GA 30338

3 Beds 4 Baths 2,894 sqft Built 1988

$455,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $157.22
  • 6 Days on Market
  • MLS # : 6809777
  • Updated Date : 11/18/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,894 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Great Dunwoody location in sought after Lakeview Oaks! Beautiful water front home features a private courtyard entry, large family room with gas log fireplace and a wall of built-in bookshelves! Large kitchen is open to a dining area and sunroom. Huge owner's retreat features dual walk-in closets and spa bath with skylight, tub, and separate shower. Additional main level features include a flex room with a closet, second bedroom, full bath, powder room, and laundry room. The upper level boasts an enormous bedroom and private bath - perfect for guests! The

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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Dunwoody

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $113k477k

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

Neighborhood: Dunwoody

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9732836

* 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
Dunwoody Elementary School Primary Regular 978 61 8
Peachtree Middle School Middle Charter 1,398 95 6
Dunwoody High School High Regular 1,676 89 8

Dunwoody Elementary School

  • Education Level: Primary
  • # of students: 978
  • # of teachers: 61
8
GreatSchools Rating

Peachtree Middle School

  • Education Level: Middle
  • # of students: 1,398
  • # of teachers: 95
6
GreatSchools Rating

Dunwoody High School

  • Education Level: High
  • # of students: 1,676
  • # of teachers: 89
8
GreatSchools Rating
 

$409,500$500,500$455,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$1,679
Property Tax -$614
Property Insurance -$83
HOA -$63
Property Management Fees -$119
CASH FLOW
$333

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.

$455,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,679

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$57,522

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,923

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8903$2,9004$3,0005$3,162
$3,162
RENT COMPS ANALYSIS
  • 4584 Lake Village Drive Dunwoody, GA 2
    • 3 beds 4 baths ∙ 2,894 Sqft ∙ Built 1988 3 beds 4 baths ∙ 2,894 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.00
    •  
  • 2411 Chestnut Landing Atlanta, GA 1
    • 3 beds 3 baths ∙ 2,624 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,624 Sqft ∙ Built 1998
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.03
    •  
  • 4935 N Peachtree Road Dunwoody, GA 3
    • 4 beds 4 baths ∙ 2,962 Sqft ∙ Built 1972 4 beds 4 baths ∙ 2,962 Sqft ∙ Built 1972
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.98
    •  
  • 5107 Meadowlake Drive Dunwoody, GA 4
    • 4 beds 4 baths ∙ 3,201 Sqft ∙ Built 1971 4 beds 4 baths ∙ 3,201 Sqft ∙ Built 1971
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.94
    •  
  • 2383 Ledgewood Drive Dunwoody, GA 5
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1969
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,162
    • $1.09
    •  
PROPERTY LISTING DETAILS
Eric Urmanski
1.770.712.5757
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6809777
Last Updated: 11/18/2020
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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