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5215 Seaton Drive Dunwoody, GA 30338

4 Beds 4 Baths 2,504 sqft Built 1969

$450,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $179.71
  • 11 Days on Market
  • MLS # : 6859931
  • Updated Date : 03/27/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,504 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

Two owner suites and a whole house generator within Dunwoody RANCH in popular Kingsley subdivision. Looking for a putting green – this private back yard has it along with a large; covered deck and a “she-shed” … all with access from one of the owner suites as well as the great room. This 4-bedroom, 3.5-bath home has NEW gutters, a NEW tankless hot water heater, a NEW driveway, a NEW garage door, and a NEW roof. Enjoy one level living at its finest with hardwood floors, no HOA, and no rental restrictions.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,563
Property Tax -$519
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
$274

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

$2,550

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

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

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 40% 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

7.67

YEARS SAVED

$45,172

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,767

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6503$2,6954$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 5215 Seaton Drive Dunwoody, GA 1
    • 4 beds 4 baths ∙ 2,504 Sqft ∙ Built 1969 4 beds 4 baths ∙ 2,504 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.02
    •  
  • 7640 Ryefield Drive Sandy Springs, GA 2
    • 4 beds 5 baths ∙ 2,690 Sqft ∙ Built 1969 4 beds 5 baths ∙ 2,690 Sqft ∙ Built 1969
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.99
    •  
  • 5047 Hensley Drive Dunwoody, GA 3
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 1972
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.16
    •  
  • 5377 Seaton Way Atlanta, GA 4
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1972
    property image
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.20
    •  
  • 4664 Brunning Court Dunwoody, GA 5
    • 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1973
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.07
    •  
PROPERTY LISTING DETAILS
Misti Bailey
1.404.376.7692
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6859931
Last Updated: 03/27/2021
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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