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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $126.86
- 2 Days on Market
- MLS # : 14515144
- Updated Date : 02/13/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,483 sqft
- Baths : 2 full , 1 half
Listing Agent
Midtown Real Estate
Listing Agent's Description
Cape Cod style home. 3 beds, 2.1 baths. Large bonus room can be used for media, game, 2nd living or 4th bedroom. New Roof in October 2020. Master downstairs. Spacious bedrooms. Upper level balconies & front porch make for amazing outdoor living. View of the dog park from front porch. Experience resort-style living in the serene, fun, family friendly community of Savannah! Walking distance to elementary school. Community amenities include olympic swimming pool, water park, separate adult pool, three tiered fitness center, tennis court, basketball courts, dog park & planned HOA events throughout the year.
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
Neighborhood: Greenview Village at Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greenview Village at Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,890 |
EXPENSES | Loan Payment | -$1,094 |
Property Tax | -$717 | |
Property Insurance | -$171 | |
HOA | -$71 | |
Property Management Fees | -$99 | |
CASH FLOW
-$261
|
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.
$315,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 7.6% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.93% |
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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $78,750 |
Loan Amount | $236,250 |
0.67
YEARS SAVED
$906
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,900
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Midtown Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14515144
Last Updated: 02/13/2021