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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $110.86
- 4 Days on Market
- MLS # : 14491863
- Updated Date : 01/01/2021 at 13:36
CONSTRUCTION
- Beds : 4
- Floor Size : 2,255 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathawayhs Acr
Listing Agent's Description
Multiple offers-highest-best by Sat, 1-2, 6pm. Check out this well maintained home that sits on almost .5 acre in the established community of Heather Ridge Estates! This house has everything you need, inside and out, to make this your next HOME! 4 bed, 2.5 bath, 3 living areas, new carpet, 1 yr old HVAC, full gutters, new paint, granite countertops in the kitchen, large 22ftX32ft concrete patio in the backyard, plank on plank cedar privacy fence in the front with approx 15ft wide double gate on 1 side. Did we mention the lot size-0.449 to be exact! Come create your own backyard oasis-you will for sure have the space! You won’t find another like this so don’t miss the opportunity to make this your new home!
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: Heather Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heather Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$543 | |
| Property Insurance | -$158 | |
| HOA | -$240 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$272
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$250,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
0.33
YEARS SAVED
$190
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,674
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 05/20/20- Rent
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- $1,650
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LEASED 03/31/20- Rent
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- $1,695
- $0.71
-
1000 Peacock Drive Saginaw, TX 4
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LEASED 06/16/20- Rent
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- $1,695
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-
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![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,749
- $0.78
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Acr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491863
Last Updated: 01/01/2021
