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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $105.19
- 5 Days on Market
- MLS # : 14468564
- Updated Date : 11/27/2020 at 11:43
CONSTRUCTION
- Beds : 3
- Floor Size : 2,234 sqft
- Baths : 2 full , 1 half
Listing Agent
Texas Elite Realty
Listing Agent's Description
Welcome to this wonderful home in the Villas of Monte Carlo! The home has wood laminate flooring in main areas and bedrooms, kitchen and entry are tile and carpet on stairs The upstairs has a bonus room and the large master suite with walk in closet, tub and separate shower and two more bedrooms. Move in ready, come see it soon!
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: 75407
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75407
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$490 | |
| Property Insurance | -$156 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$113
|
||
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.
$235,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.4% |
| 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
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
6.92
YEARS SAVED
$22,835
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,944
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
1026 Churchill Drive Princeton, TX 1
- 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,750
- $0.78
-
1405 Granite Path Princeton, TX 2
- 4 beds 3 baths ∙ 2,147 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,147 Sqft ∙ Built 2017
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,800
- $0.84
-
461 San Remo Princeton, TX 3
- 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2000
LEASED 05/24/20- Rent
- Rent Per SQFT
- $1,800
- $0.86
-
1500 Copper Street Princeton, TX 4
- 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,800
- $0.86
-
1010 Churchill Drive Princeton, TX 5
- 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 2006
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,900
- $0.92
PROPERTY LISTING DETAILS
Texas Elite Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14468564
Last Updated: 11/27/2020
