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102 Seminole Drive 
Lake Kiowa, TX
76240
3 Beds 3 Baths 2,084 sqft
Built 1985
INVESTimate
$340,000
List Price
$95,850
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PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $163.15
- 3 Days on Market
- MLS # : 14419493
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,084 sqft
- Baths : 3 full
Listing Agent
C21 Fine Homes Judge Fite
Listing Agent's Description
Beautiful Lake Side living!! .79 acre, wooded area right next to the lake access with fishing. Long back porch with plenty of shade so you can enjoy the amazing view of sunset over the lake! Direct access from 2 bedrooms. Stylish charm inside with beautiful and sturdy wood tile floors, open and inviting floor plan. Upgraded showers with large master bath. New AC and HVAC unit. 2 water heaters and roof 2018. Single car attached garage and single car separate garage with all utilities. All this AND 18 hole golf, 2 blks from boat ramp, close to swim beach, paddle boarding, kids fish pond and fishing pier! New Pavillon with Lodge, Restaurant Bar and meeting rooms. Guarded Security Gate for privacy and protection.
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
Zip Code: 76240
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76240
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$552 | |
| Property Insurance | -$143 | |
| HOA | -$250 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$229
|
||
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.
$340,000
PROJECTED PRICE
$2,070
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 7.23% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
0.67
YEARS SAVED
$1,113
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,032
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
102 Seminole Drive Lake Kiowa, TX 3
- 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,084 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $2,070
- $0.99
-
1105 Kiowa Drive Lake Kiowa, TX 1
- 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,860 Sqft ∙ Built 1983
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
107 San Chez Drive Lake Kiowa, TX 2
- 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1983
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
PROPERTY LISTING DETAILS
C21 Fine Homes Judge Fite
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419493
Last Updated: 08/25/2020
