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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $179.71
- 1 Days on Market
- MLS # : 14488892
- Updated Date : 12/19/2020 at 23:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,513 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
Why wait to buy new when you can own this gently lived in DR Horton home! This home is a wonderful single story, 3 bedroom, 2 full bath with a great back yard and storage shed. Large living room offers tile flooring throughout with a wood burning fireplace. The kitchen is open to the living room and features stainless steel appliances, gas cooktop, dark wood cabinetry, granite countertops and a breakfast nook. Covered back patio is a great space for outdoor grilling and entertaining. This community offers amazing amenities including hiking and biking trails, pools, playgrounds and a fitness center as well as access to Lake Lewisville!
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
Zip Code: 75068
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75068
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,003 |
| Property Tax | -$620 | |
| Property Insurance | -$115 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$248
|
||
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.
$271,900
PROJECTED PRICE
$1,620
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| 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
$77,804
LOAN DETAILS
$1,003
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,975 |
| Loan Amount | $203,925 |
0.75
YEARS SAVED
$1,088
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,623
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
1028 Lake Sierra Way Little Elm, TX 1
- 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,620
- $1.07
-
1020 Lake Hollow Drive Little Elm, TX 2
- 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 2007
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,725
- $1.04
-
1117 Lake Grove Drive Little Elm, TX 3
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2013
LEASED 08/04/20- Rent
- Rent Per SQFT
- $1,750
- $1.05
-
2121 Lake Hawthorne Trail Little Elm, TX 4
- 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 2018
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.10
-
1216 Lake Worth Trail Little Elm, TX 5
- 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2016
LEASED 10/24/20- Rent
- Rent Per SQFT
- $1,850
- $1.10
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488892
Last Updated: 12/19/2020
