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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $145.23
- 5 Days on Market
- MLS # : 14490330
- Updated Date : 12/23/2020 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,707 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
STEP INSIDE THIS AWESOME 1 STORY D R HORTON BUILT HOME WITH 3 BEDROOMS, 2 FULL BATHROOMS IN DEER MEADOW! This popular floorplan offers great functionality as well as open concept living. You will love cooking in this kitchen that features granite countertops, a large island & stainless steel appliances with tile flooring & open to the living room. The primary bedroom is a great retreat after a long day & includes an en-suite bathroom that offers a deep garden tub, double sinks & a large walk-in closet. The backyard provides a great covered patio & large yard to bring your outdoor living ideas to life! Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Garden Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Garden Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$915 |
| Property Tax | -$620 | |
| Property Insurance | -$126 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$123
|
||
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.
$247,900
PROJECTED PRICE
$1,650
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$71,444
LOAN DETAILS
$915
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,975 |
| Loan Amount | $185,925 |
1.92
YEARS SAVED
$3,806
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,652
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
1049 Doe Meadow Drive Burleson, TX 4
- 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
1305 Sierra Blanca Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2004
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,450
- $0.95
-
757 Nelson Place Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2002
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,500
- $0.99
-
904 Meadow Scape Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2018
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,600
- $0.97
-
12117 Rowsley Lane Burleson, TX 5
- 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 2008
LEASED 06/08/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490330
Last Updated: 12/23/2020
