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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $166.69
- 4 Days on Market
- MLS # : 14480801
- Updated Date : 12/03/2020 at 14:08
CONSTRUCTION
- Beds : 4
- Floor Size : 2,669 sqft
- Baths : 2 full , 1 half
Listing Agent
Lgi Homes
Listing Agent's Description
This stunning home is a showstopper! With an open concept floor plan, high ceilings and incredible attention to detail you will love this home. This home features a chef's dream kitchen. Open to the breakfast area and family room for easy entertaining. Gorgeous wood flooring is found throughout. Relax and unwind in your luxurious master suite with a spa like bath and impressive walk-in closet. Located on a half-acre lot in The Woodlands, you will enjoy the easy access to multiple area lakes and downtown Dallas.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 76227
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76227
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$1,641 |
| Property Tax | -$951 | |
| Property Insurance | -$181 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$668
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$444,900
PROJECTED PRICE
$2,230
PROJECTED RENT
0.50%
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) | 3.00% |
| 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
$119,899
LOAN DETAILS
$1,641
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $111,225 |
| Loan Amount | $333,675 |
0.08
YEARS SAVED
$30
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,215
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
108 White Oak Drive Krugerville, TX 2
- 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,230
- $0.84
-
1250 Acmite Avenue Cross Roads, TX 1
- 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2018
![property image]()
LEASED 08/08/20- Rent
- Rent Per SQFT
- $1,975
- $0.83
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480801
Last Updated: 12/03/2020
