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750 Dalrymple Road #H2 Atlanta, GA 30328

3 Beds 2 Baths 1,812 sqft Built 1967

$249,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $137.91
  • 4 Days on Market
  • MLS # : 6855351
  • Updated Date : 03/19/2021 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full
Listing Agent's Description

GATED Community in Fabulous Location in Sandy Springs! Ground Floor Unit. 3 Bed / 2 Bath and over 1,800 sq. ft. Clean, Freshly Painted and MOVE-IN READY! Granite Counter Tops in Kitchen w/ Stainless Steel Appliances. Hardwoods Throughout the Main Living Area. New Granite Slab on Wood Burning Fireplace Hearth. Generous Master Suite and Large Secondary Bedrooms. Master and Secondary Bathrooms with Granite Countertops. Tiled and Covered Deck/Patio off Kitchen. Keyed access to Basement Storage. FHA Approved. Minutes to GA 400, MARTA Train Station, I285, Restaurants,

SEE MORE

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: Sandy Springs

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $113k423k

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

Neighborhood: Sandy Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9732785

* 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
Woodland Elementary School Primary Charter 907 69 7
Sandy Springs Charter School Middle Charter 920 69 5
North Springs High School High Charter 1,653 97 7

Woodland Elementary School

  • Education Level: Primary
  • # of students: 907
  • # of teachers: 69
7
GreatSchools Rating

Sandy Springs Charter School

  • Education Level: Middle
  • # of students: 920
  • # of teachers: 69
5
GreatSchools Rating

North Springs High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 97
7
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$868
Property Tax -$255
Property Insurance -$62
HOA -$362
Property Management Fees -$119
CASH FLOW
$593

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.

$249,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.90%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 1.1%
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

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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

14.42

YEARS SAVED

$58,997

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $2,319

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,2604$2,5005$2,800
$2,800
RENT COMPS ANALYSIS
  • 750 Dalrymple Road Atlanta, GA 3
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.25
    •  
  • 7235 Thornhill Lane Sandy Springs, GA 1
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 1966
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.06
    •  
  • 1249 Valley View Road Atlanta, GA 2
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1960
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.25
    •  
  • 5593 Glenrich Drive Dunwoody, GA 4
    • 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,808 Sqft ∙ Built 1968
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.38
    •  
  • 5566 Glenrich Court Dunwoody, GA 5
    • 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 1969 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 1969
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.43
    •  
PROPERTY LISTING DETAILS
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6855351
Last Updated: 03/19/2021
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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