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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $154.16
- 4 Days on Market
- MLS # : 14509028
- Updated Date : 02/04/2021 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,719 sqft
- Baths : 2 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Cozy home with a quaint covered front porch has tons of charm & a great floorplan. Light, bright and open with lots of extras like granite counters, rich cabinetry & extensive tile flooring. Spacious living room has a cozy fireplace, lots of windows and access to the covered patio & fenced backyard. Owners retreat has a large en suite bath with high ceilings, a garden tub, separate vanities and a nice walk-in shower. Lots of fabulous neighborhood amenities - pools, water spray park, parks, and more! 2 car attached garage. Nice covered patio with private fenced backyard. Tenant occupied through the end of March. Don't let this gem pass you by, its a Must See!
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: Continental Congress Village at Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Continental Congress Village at Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$603 | |
| Property Insurance | -$127 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$110
|
||
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.
$265,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
2.25
YEARS SAVED
$4,163
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,736
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
1021 Appalachian Lane Savannah, TX 5
- 4 beds 2 baths ∙ 1,719 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,719 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,710
- $0.99
-
1136 King George Lane Savannah, TX 1
- 4 beds 2 baths ∙ 1,579 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,579 Sqft ∙ Built 2007
![property image]()
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
-
937 Appalachian Lane Savannah, TX 2
- 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2011
![property image]()
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
940 Appalachian Lane Savannah, TX 3
- 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2012
![property image]()
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
-
1024 Charleston Lane Savannah, TX 4
- 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2008
![property image]()
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,700
- $0.97
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509028
Last Updated: 02/04/2021
