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5360 Denny Drive Atlanta, GA 30349

4 Beds 3 Baths 1,918 sqft Built 1968

$189,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $98.54
  • 3 Days on Market
  • MLS # : 6820296
  • Updated Date : 12/19/2020 at 17:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,918 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

Newly renovated home in established neighborhood is waiting on you! Brand new roof, HVAC, flooring, and stainless steel appliances (side by side refrigerator w/water/ice maker, stove, and dishwasher). This spacious home is a split level (not foyer) with ample room for all. Downstairs has a large bedroom with a full bathroom, and laundry/utility room with extra storage. Upstairs is 3 bedrooms and 1.5 bathrooms. Kitchen boasts ample storage with many cabinets, and separate eating area. Also a new sewer line was placed to street. 1 car carport for covered parking. Large d

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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)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • 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 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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)

PRICE & RENT TRENDS

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $82k235k

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

Zip Code: 30349

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171714

* 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
Northcutt Elementary School Primary Regular 652 35 4
North Clayton Middle School Middle Regular 827 45 5
North Clayton High School High Regular 886 46 2

Northcutt Elementary School

  • Education Level: Primary
  • # of students: 652
  • # of teachers: 35
4
GreatSchools Rating

North Clayton Middle School

  • Education Level: Middle
  • # of students: 827
  • # of teachers: 45
5
GreatSchools Rating

North Clayton High School

  • Education Level: High
  • # of students: 886
  • # of teachers: 46
2
GreatSchools Rating
 

$170,100$207,900$189,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$697
Property Tax -$195
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$324

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$189,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,835

INVESTMENT

$55,835

Down Payment
$47,250
Rehab Estimate
$5,750
Closing Costs
$2,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,250
Loan Amount $141,750
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$39,831

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,419

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,3153$1,3314$1,4005$1,495
$1,495
RENT COMPS ANALYSIS
  • 5360 Denny Drive Atlanta, GA 4
    • 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1968
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 5257 Norman Boulevard Atlanta, GA 1
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1963
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.76
    •  
  • 5411 Louis Xiv Lane College Park, GA 2
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1968
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,315
    • $0.72
    •  
  • 2640 Burdett Road Atlanta, GA 3
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1968
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,331
    • $0.78
    •  
  • 2740 Old Spanish Trail College Park, GA 5
    • 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 1969
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jai Vetter
1.404.566.1933
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6820296
Last Updated: 12/19/2020
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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