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57 Ivy Trail Ne Atlanta, GA 30342

2 Beds 4 Baths 1,588 sqft Built 1972

$310,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $195.21
  • 6 Days on Market
  • MLS # : 6857510
  • Updated Date : 03/25/2021 at 11:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,588 sqft
  • Baths : 2 full , 2 half
Listing Agent's Description

Located in the heart of Buckhead within walking distance to shopping and dining, this townhome is of great value with its multiple living spaces! Upgrade kitchen cabinets with the stone top! Two bedrooms and two-and-a-half baths, formal dining room, family room with access to fenced-in private patio, open and bright floor plan, neutral color scheme, large windows in all rooms, spacious closets, additional storage space, and much more! The professionally-landscaped swimming/tennis community is a must-see!

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: North Buckhead

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $113k560k

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

Neighborhood: North Buckhead

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9734234

* 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
Sarah Rawson Smith Primary School Primary Regular 1,115 73 6
Willis A. Sutton Middle School Middle Regular 1,448 93 6
North Atlanta High School High Regular 1,657 102 6

Sarah Rawson Smith Primary School

  • Education Level: Primary
  • # of students: 1,115
  • # of teachers: 73
6
GreatSchools Rating

Willis A. Sutton Middle School

  • Education Level: Middle
  • # of students: 1,448
  • # of teachers: 93
6
GreatSchools Rating

North Atlanta High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 102
6
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,077
Property Tax -$361
Property Insurance -$58
HOA -$388
Property Management Fees -$119
CASH FLOW
$77

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$310,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.18%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.74%
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$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$15,124

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $1,779

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,080
$2,080
RENT COMPS ANALYSIS
  • 57 Ivy Trail Ne Atlanta, GA 2
    • 2 beds 4 baths ∙ 1,588 Sqft ∙ Built 1972 2 beds 4 baths ∙ 1,588 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.31
    •  
  • 4021 Sheldon Drive Atlanta, GA 1
    • 2 beds 2 baths ∙ 1,600 Sqft ∙ Built 1954 2 beds 2 baths ∙ 1,600 Sqft ∙ Built 1954
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
PROPERTY LISTING DETAILS
Tony Zhen Lin
1.678.923.3271
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6857510
Last Updated: 03/25/2021
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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