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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $172.55
- 4 Days on Market
- MLS # : 14476420
- Updated Date : 12/17/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,738 sqft
- Baths : 3 full , 1 half
Listing Agent
Brent King Group
Listing Agent's Description
Stunning two story home located on a cul-de-sac with views of the Buffalo Creek golf course. Grand entryway has vaulted ceilings, iron staircase, under-stair storage, & hardwood floors throughout. Wall of windows with automatic shades allow for lots of natural light. The kitchen features granite counter tops, SS appliances, gas cook top, island, & breakfast area. First floor hall bath and large laundry room with sink. Private master suite with views & access to the backyard. Master bath includes a walk in shower, dual sinks, and walk in closet. Large gun safe in master closet stays. Additional 3 bedrooms, 2 bathrooms, & game room on second level. Big backyard with large patio, located on the 3rd fairway.
SEE MORE
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Buffalo Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Buffalo Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,590 |
| EXPENSES | Loan Payment | -$2,380 |
| Property Tax | -$1,154 | |
| Property Insurance | -$243 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$341
|
||
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.
$645,000
PROJECTED PRICE
$3,590
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 3.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$176,675
LOAN DETAILS
$2,380
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $161,250 |
| Loan Amount | $483,750 |
2.17
YEARS SAVED
$11,307
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,590
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$3,626
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
10 Falcons View Pass Heath, TX 4
- 4 beds 4 baths ∙ 3,738 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,738 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $3,590
- $0.96
-
4 Tennis Village Drive Heath, TX 1
- 4 beds 4 baths ∙ 3,409 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,409 Sqft ∙ Built 2001
![property image]()
LEASED 05/21/20- Rent
- Rent Per SQFT
- $3,300
- $0.97
-
2213 Kings Pass Heath, TX 2
- 4 beds 3 baths ∙ 3,390 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,390 Sqft ∙ Built 2000
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,495
- $1.03
-
1815 Morrish Lane Heath, TX 3
- 4 beds 4 baths ∙ 3,883 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,883 Sqft ∙ Built 1999
![property image]()
LEASED 10/30/20- Rent
- Rent Per SQFT
- $3,575
- $0.92
-
20 Center Court Heath, TX 5
- 5 beds 5 baths ∙ 3,750 Sqft ∙ Built 2013 5 beds 5 baths ∙ 3,750 Sqft ∙ Built 2013
![property image]()
LEASED 10/21/20- Rent
- Rent Per SQFT
- $3,600
- $0.96
PROPERTY LISTING DETAILS
Brent King Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476420
Last Updated: 12/17/2020
