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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $147.59
- 3 Days on Market
- MLS # : 14519679
- Updated Date : 02/19/2021 at 18:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,931 sqft
- Baths : 5 full , 1 half
Listing Agent
American Legend Homes
Listing Agent's Description
ESTIMATED MAY-JUNE COMPLETION: This home has it all! Beautiful 2 story home with dramatic entry with spiral staircase, multi-sliding door at back patio, on an over-size greenbelt cul-de-sac lot! Kitchen has large walk in pantry and butler pantry. 5 bedrooms, 5.5 bath, 2 dining areas, large study with storage closet, excellent for working from home. Upstairs game room, large media room, 3 bedrooms and 3 baths. 3-car tandem garage on greenbelt cul-de-sac lot. Model floor plan! Don't wait....come out today!
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Zip Code: 76131
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76131
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,770 |
| EXPENSES | Loan Payment | -$2,015 |
| Property Tax | -$1,406 | |
| Property Insurance | -$254 | |
| HOA | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,058
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$580,183
PROJECTED PRICE
$2,770
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 3.00% |
| 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
$155,748
LOAN DETAILS
$2,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $145,046 |
| Loan Amount | $435,137 |
-0.17
YEARS SAVED
-$47
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,770
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,752
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
10021 Wexley Way Fort Worth, TX 2
- 5 beds 6 baths ∙ 3,931 Sqft ∙ Built 2021 5 beds 6 baths ∙ 3,931 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,770
- $0.70
-
9861 Yellow Cup Drive Fort Worth, TX 1
- 5 beds 4 baths ∙ 3,871 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,871 Sqft ∙ Built 2016
![property image]()
LEASED 04/21/20- Rent
- Rent Per SQFT
- $2,700
- $0.70
PROPERTY LISTING DETAILS
American Legend Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519679
Last Updated: 02/19/2021
