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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $180.05
- 4 Days on Market
- MLS # : 14482723
- Updated Date : 12/11/2020 at 19:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,444 sqft
- Baths : 2 full
Listing Agent
The Cates Group
Listing Agent's Description
Immaculate one owner, well maintained home with upgrades throughout! Situated nicely on a corner lot and has such charming curb appeal! Just past the peaceful front porch you are immediately welcomed by new luxury vinyl flooring throughout, a cozy wood burning fireplace and a desirable updated white kitchen with granite countertops! This home features 3 bedrooms and 2 bathrooms. The owner's suite has dual closets, including one walk-in closet and a nicely renovated bathroom with dual sinks and a stand alone glass shower. Conveniently located to I-30 and still tucked away from major traffic. Quiet, established neighborhood. Information deemed reliable, but not guaranteed. Buyer to verify all information.
SEE MORE
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
- # 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)
PRICE & RENT TRENDS
Zip Code: 75060
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75060
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$575 | |
| Property Insurance | -$111 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$173
|
||
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.
$259,999
PROJECTED PRICE
$1,570
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $194,999 |
1.5
YEARS SAVED
$2,769
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,585
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
100 Kimili Court Irving, TX 4
- 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,570
- $1.09
-
1504 Hux Court Irving, TX 1
- 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1992
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,490
- $1.06
-
2521 Markland Street Irving, TX 2
- 4 beds 3 baths ∙ 1,357 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,357 Sqft ∙ Built 1994
LEASED 01/11/20- Rent
- Rent Per SQFT
- $1,495
- $1.10
-
2117 Laurel Oaks Drive Irving, TX 3
- 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1972
LEASED 04/23/20- Rent
- Rent Per SQFT
- $1,495
- $1.08
-
2500 Markland Street Irving, TX 5
- 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1987
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,750
- $1.15
PROPERTY LISTING DETAILS
The Cates Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14482723
Last Updated: 12/11/2020
