Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $160.40
- 1 Days on Market
- MLS # : 14482947
- Updated Date : 01/23/2021 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,730 sqft
- Baths : 2 full , 1 half
Listing Agent
Tdrealty
Listing Agent's Description
Dreams do come true! This gorgeous home is located in the exclusive Winners Circle Estates and sits on 1.09 acre. The home has a spacious open floor plan with 4 spacious bedrooms, 2.5 baths, 3 car garage, a formal dining room, breakfast nook and bar, and abundance of natural light let in through double hung windows. Updated kitchen with lots of cabinet space, granite countertops with SS appliance and huge island. The master suite has a double see-through fireplace shared with the spa-like bath. The game room on the second level can be used as a fifth bedroom. The home affords a huge treed front yard w gigantic backyard. Plenty of room to park with the J-garage. You must see this one too many extras to list!
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
Neighborhood: Winners Circle
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winners Circle
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$1,521 |
| Property Tax | -$1,128 | |
| Property Insurance | -$185 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$416
|
||
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.
$437,900
PROJECTED PRICE
$2,550
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.3% |
| 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
$121,794
LOAN DETAILS
$1,521
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $109,475 |
| Loan Amount | $328,425 |
0.42
YEARS SAVED
$546
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,557
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
1012 Preakness Circle Terrell, TX 3
- 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,550
- $0.93
-
1036 E Oaklawn Drive Talty, TX 1
- 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1999
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,200
- $0.79
-
15176 Rutledge Lane Talty, TX 2
- 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,412 Sqft ∙ Built 2014
LEASED 12/22/20- Rent
- Rent Per SQFT
- $2,525
- $1.05
-
16286 O Conner Avenue Talty, TX 4
- 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2003
LEASED 01/14/21- Rent
- Rent Per SQFT
- $2,895
- $0.97
PROPERTY LISTING DETAILS
Tdrealty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14482947
Last Updated: 01/23/2021
