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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $163.12
- 7 Days on Market
- MLS # : 14491108
- Updated Date : 12/28/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,035 sqft
- Baths : 2 full
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
BEAUTIFUL NEW CONSTRUCTION OPEN CONCEPT HOME BUILT BY AMERICA'S BUILDER D.R. HORTON IN THE ALCOVE OF HICKORY CREEK!*The HOLLY floorplan, elevation A~Single Story 3-2-2 with Chef's Kitchen with Granite Countertops,Tiled Back splash,Breakfast Bar,Stainless Steel Built-In Appliances,Gas Cooktop & W-I Pantry*Large Primary Bedroom with dual sink vanity,Garden Tub,oversize Shower with seat & large W-I Closet*~Tiled throughout Entry,Halls & Wet areas*8 ft front door*Tall ceilings* 42 in upper cabinets*Home is Connected Smart Home Technology,Tankless Water Heater*Covd back Patio,Landscape Pkg with full Sprinkler System & more!*Community Amenities. Can't beat this location!! Est completion April 2021.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Lakeview Hickory Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeview Hickory Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,225 |
| Property Tax | -$707 | |
| Property Insurance | -$145 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$130
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$331,945
PROJECTED PRICE
$2,100
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 3.9% |
| Maintenance Year (1-5) | 3.00% |
| 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
$89,965
LOAN DETAILS
$1,225
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,986 |
| Loan Amount | $248,959 |
2.5
YEARS SAVED
$8,113
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,101
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
1022 Almond Street Hickory Creek, TX 5
- 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,100
- $1.03
-
617 Grayson Lane Lake Dallas, TX 1
- 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2009
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LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,725
- $0.93
-
513 Jefferson Lane Lake Dallas, TX 2
- 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2006
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,749
- $0.96
-
147 Nix Drive Hickory Creek, TX 3
- 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2019
![property image]()
LEASED 05/30/20- Rent
- Rent Per SQFT
- $2,095
- $1.12
-
122 Nix Drive Hickory Creek, TX 4
- 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2019
![property image]()
LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,100
- $1.12
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491108
Last Updated: 12/28/2020
