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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $144.79
- 2 Days on Market
- MLS # : 14490688
- Updated Date : 12/26/2020 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,996 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Lovely home on oversized corner cul de sac lot! Home features hand scrapped wood floors, ceramic tile floors in kitchen, utility and baths and blinds. Large open living area with Fireplace is great area for entertaining friends! Spacious kitchen has island, granite counters, multiple cabinets, double sinks, breakfast bar, eating area and walk in pantry. The backyard has a large HOA approved shed, covered patio with extended area that could be covered if desired, room for a pool and nice wood fence. There is a community pool, private lake and full use of facilities. Seller is offering an AHS warranty for the buyer. This home is move in ready and waiting for your buyer!
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
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,890 |
EXPENSES | Loan Payment | -$1,066 |
Property Tax | -$662 | |
Property Insurance | -$143 | |
HOA | -$29 | |
Property Management Fees | -$99 | |
CASH FLOW
-$109
|
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.
$289,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 5.8% |
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
$82,335
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $72,250 |
Loan Amount | $216,750 |
2.5
YEARS SAVED
$7,045
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,861
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490688
Last Updated: 12/26/2020