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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $104.28
- 3 Days on Market
- MLS # : 14488325
- Updated Date : 12/18/2020 at 15:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,502 sqft
- Baths : 2 full , 1 half
Listing Agent
Lgi Homes
Listing Agent's Description
The Driftwood is our most spacious plan in the community of Patriot Estates. With 5 bedrooms, 2.5 baths, and an open floor plan, this home has plenty of space for any lifestyle. The master bedroom is located on the main floor and includes a generously sized walk-in closet. The second floor has an impressive open gameroom along with the remaining 4 bedrooms. This home comes fully stocked with thousands of dollars in upgrades including a full suite of stainless-steel kitchen appliances, granite countertops, stunning wood cabinetry, brushed nickel hardware and an attached two-car garage, complete with a Wi-Fi enabled door opener installed.
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: 76084
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76084
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$963 |
| Property Tax | -$409 | |
| Property Insurance | -$172 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$7
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$260,900
PROJECTED PRICE
$1,680
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 3.00% |
| 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
$71,139
LOAN DETAILS
$963
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,225 |
| Loan Amount | $195,675 |
5
YEARS SAVED
$15,705
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,626
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
104 Lady Bird Court Venus, TX 2
- 5 beds 3 baths ∙ 2,502 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,502 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $0.67
-
124 Independence Avenue Venus, TX 1
- 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2007
![property image]()
LEASED 11/27/20- Rent
- Rent Per SQFT
- $1,675
- $0.65
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488325
Last Updated: 12/18/2020
