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5239 Vernon Lake Drive Dunwoody, GA 30338

4 Beds 3 Baths 2,258 sqft Built 1970

$450,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $199.29
  • 5 Days on Market
  • MLS # : 6848082
  • Updated Date : 03/04/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,258 sqft
  • Baths : 3 full
Listing Agent's Description

Ideally located just blocks to both Dunwoody Village and to the Jett Ferry retail and restaurant district, this charming contemporary cottage delights with it's captivating open concept floorplan and offers a rare opportunity to purchase in Dunwoody Club Forest at this incredible price. The main level owner's suite features double closets and an updated bathroom including a double vanity, walk-in shower and lots of storage. Paired with a main level laundry room and two car garage, this special property allows for true one-level living. The heart of this home is the

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Vanderlyn Elementary School Primary Regular 713 43 9
Peachtree Middle School Middle Charter 1,398 95 6
Dunwoody High School High Regular 1,676 89 8

Vanderlyn Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 43
9
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

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,563
Property Tax -$534
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$63

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

$2,350

PROJECTED RENT

0.52%

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

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 45% 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

5.33

YEARS SAVED

$25,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,518

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,4904$2,6955$2,800
$2,800
RENT COMPS ANALYSIS
  • 5239 Vernon Lake Drive Dunwoody, GA 1
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.04
    •  
  • 5103 Ashmont Court Dunwoody, GA 2
    • 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1968
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.01
    •  
  • 5203 Mount Vernon Way Atlanta, GA 3
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1969
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.09
    •  
  • 5047 Hensley Drive Dunwoody, GA 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Carrie Faletti
1.404.909.1453
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6848082
Last Updated: 03/04/2021
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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