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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $149.15
- 4 Days on Market
- MLS # : 14516298
- Updated Date : 02/13/2021 at 21:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,475 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
CANCELED OPEN HOUSE SUNDAY FEB 14TH (weather) The dream of home ownership is within reach with this 3 bed, 2 bath home with NO HOA in highly sought after Midlothian ISD! Inside is a spacious living area with a wood burning brick fireplace & bay window to the spacious eat-in kitchen with stainless steel appliances. Each bedroom has a large walk-in closet & the master bath has a beautiful tile shower! The fenced in backyard is a great space for children & pets to play & the open patio is perfect for spending the evening grilling or having get togethers. Ideally located within one mile of Hwy 67 & 287. MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST DUE MONDAY FEB 15TH 7:00AM.
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: Overlook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Overlook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$480 | |
| Property Insurance | -$112 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$84
|
||
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.
$220,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.0% |
| 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
$64,050
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
6.33
YEARS SAVED
$16,197
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,549
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
1005 Blue Sage Trail Midlothian, TX 2
- 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $1,540
- $1.04
-
1305 Misty Meadow Drive Midlothian, TX 1
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2001
![property image]()
LEASED 09/17/19- Rent
- Rent Per SQFT
- $1,500
- $1.07
-
1306 Columbia Drive Midlothian, TX 3
- 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2006
![property image]()
LEASED 10/23/19- Rent
- Rent Per SQFT
- $1,595
- $1.01
-
1321 Yukon Midlothian, TX 4
- 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2005
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,700
- $1.06
-
1222 Misty Drive Midlothian, TX 5
- 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2001
![property image]()
LEASED 02/05/21- Rent
- Rent Per SQFT
- $1,700
- $1.06
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14516298
Last Updated: 02/13/2021
