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3226 Juniper Drive Nw Kennesaw, GA 30144

3 Beds 3 Baths 1,964 sqft Built 2001

$255,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $129.84
  • 3 Days on Market
  • MLS # : 6837265
  • Updated Date : 02/06/2021 at 12:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,964 sqft
  • Baths : 2 full , 1 half
Listing Agent's Description

This 3BR/2.5BA has everything you have been looking for! Home offers a true open floor plan with lots of natural light. You will love this fully updated kitchen that boasts an oversized island, granite countertops and tons of cabinet space! Fenced backyard is private and has a large patio perfect for entertaining or just kicking back. Master suite with tray ceiling, double vanity, separate shower & soaking tub. Generous secondary bedrooms share jack and jill bath. Walk to N. Cobb Regional Library and N. Cobb HS. Tons of dining and shopping nearby!

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 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'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)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 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 employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k321k

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

Neighborhood: Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9192009

* 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
Lewis Elementary School Primary Regular 704 52 6
Awtrey Middle School Middle Regular 805 53 7
North Cobb High School High Regular 2,856 143 7

Lewis Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 52
6
GreatSchools Rating

Awtrey Middle School

  • Education Level: Middle
  • # of students: 805
  • # of teachers: 53
7
GreatSchools Rating

North Cobb High School

  • Education Level: High
  • # of students: 2,856
  • # of teachers: 143
7
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$886
Property Tax -$299
Property Insurance -$65
HOA -$39
Property Management Fees -$119
CASH FLOW
$92

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.

$255,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 5.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$18,704

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,512

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5004$1,7855$1,900
$1,900
RENT COMPS ANALYSIS
  • 3226 Juniper Drive Nw Kennesaw, GA 3
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 3459 Clubside Lane Kennesaw, GA 1
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1999
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.71
    •  
  • 1162 Cool Springs Drive Nw Kennesaw, GA 2
    • 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 1996
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 3525 Clear Creek Crossing Kennesaw, GA 4
    • 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,279 Sqft ∙ Built 2006
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.78
    •  
  • 3529 Butler Springs Trace Kennesaw, GA 5
    • 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 2003
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
PROPERTY LISTING DETAILS
Sarah Bosnak
1.404.542.6233
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6837265
Last Updated: 02/06/2021
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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