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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $102.98
- 2 Days on Market
- MLS # : 14478011
- Updated Date : 11/28/2020 at 10:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,816 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Select Homes
Listing Agent's Description
This warm and inviting home has everything you need and want. The functional floorplan has 4 bedrooms, 3,5 baths, beautiful brick fireplace, 3 large living areas, and 2 dining areas. The master bedroom suite features a garden tub, dual sinks and walk-in closet. Many upgrades including granite countertops in the kitchen, oiled bronze faucets and fans, nickel hardware and bay windows. This lovely home has an oversized 2 car garage with additional parking space, large covered patio, storage building with electricity and large fenced backyard. The listing agent is the seller.
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: 75115
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75115
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$693 | |
| Property Insurance | -$190 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$62
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$290,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$82,600
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
3.17
YEARS SAVED
$9,143
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,943
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
1016 Hollaway Circle Desoto, TX 5
- 4 beds 4 baths ∙ 2,816 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,816 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,990
- $0.71
-
704 Inglewood Trail Desoto, TX 1
- 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 1989
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,725
- $0.67
-
749 Horseshoe Court Desoto, TX 2
- 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2006
LEASED 10/13/19- Rent
- Rent Per SQFT
- $1,749
- $0.66
-
773 Eldorado Drive Desoto, TX 3
- 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,795
- $0.68
-
619 Fern Drive Desoto, TX 4
- 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1994
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,900
- $0.75
PROPERTY LISTING DETAILS
Re/max Select Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478011
Last Updated: 11/28/2020
