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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $190.18
- 4 Days on Market
- MLS # : 14521783
- Updated Date : 02/25/2021 at 18:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,314 sqft
- Baths : 2 full
Listing Agent
Keller Williams Dfw Preferred
Listing Agent's Description
Beautiful and well maintained home in a highly desirable neighborhood! This 3 bedroom, 2 bath home features a large formal living room with vaulted ceiling and wood burning fireplace. Gorgeous kitchen with plenty of counter space, storage, and stainless steel appliances, adjoining dining room leading to backyard and covered patio. Oversized master with a huge walk-in closet and a great size master bath with a walk-in shower. Two additional bedrooms compliment this lovely home. No HOA, convenient to schools, shopping centers and Lewisville Lake!
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: Mariner Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mariner Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$524 | |
| Property Insurance | -$103 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$6
|
||
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.
$249,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 10.9% |
| 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
$71,974
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
4.58
YEARS SAVED
$11,609
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$1,442
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
1015 Port Aransas Drive Little Elm, TX 5
- 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,600
- $1.22
-
1043 Palomino Drive Little Elm, TX 1
- 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 2000
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,525
- $1.15
-
1003 Port Aransas Drive Little Elm, TX 2
- 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2001
LEASED 06/28/20- Rent
- Rent Per SQFT
- $1,550
- $1.09
-
2605 Cowboy Trail Little Elm, TX 3
- 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2004
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,600
- $1.08
-
616 Alcove Drive Little Elm, TX 4
- 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 2002
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,600
- $1.07
PROPERTY LISTING DETAILS
Keller Williams Dfw Preferred
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14521783
Last Updated: 02/25/2021
