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4609 Waterford Court Dunwoody, GA 30338

4 Beds 3 Baths 2,979 sqft Built 1972

$450,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $151.06
  • 4 Days on Market
  • MLS # : 6839641
  • Updated Date : 02/12/2021 at 17:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,979 sqft
  • Baths : 3 full
Listing Agent's Description

Larger than it looks. Oversized 4 bed / 3 full bath updated ranch in desirable Waterford subdivision. Beautifully landscaped and nestled on a quiet cul-de-sac. Boasting two owner's suites, with a master on main and a second floor suite with dressing room. Home features large closets and ample storage spaces throughout. Owner's entry has a large closet and pantry storage as well as huge laundry room just off it. With a partial finished daylight basement, you have another flexible space for an exercise room, office, or bedroom if needed. In addition to the attached

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: 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
Kingsley Elementary School Primary Charter 564 39 6
Peachtree Middle School Middle Charter 1,398 95 6
Dunwoody High School High Regular 1,676 89 8

Kingsley Elementary School

  • Education Level: Primary
  • # of students: 564
  • # of teachers: 39
6
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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$1,563
Property Tax -$529
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$605

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.

$450,000

PROJECTED PRICE

$2,900

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$35k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$80,248

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,180

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$2,9004$3,1625$3,275
$3,275
RENT COMPS ANALYSIS
  • 4609 Waterford Court Dunwoody, GA 3
    • 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.97
    •  
  • 2149 Dunwoody Glen Dunwoody, GA 1
    • 5 beds 4 baths ∙ 2,710 Sqft ∙ Built 1972 5 beds 4 baths ∙ 2,710 Sqft ∙ Built 1972
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.07
    •  
  • 4664 Brunning Court Dunwoody, GA 2
    • 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1973
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.07
    •  
  • 2383 Ledgewood Drive Dunwoody, GA 4
    • 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
    •  
  • 1819 Vancroft Court Dunwoody, GA 5
    • 4 beds 3 baths ∙ 3,157 Sqft ∙ Built 1974 4 beds 3 baths ∙ 3,157 Sqft ∙ Built 1974
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $1.04
    •  
PROPERTY LISTING DETAILS
Guy Van Ort
1.404.626.6580
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6839641
Last Updated: 02/12/2021
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. Copyright (c) 2021 First Multiple Listing Service, Inc.

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