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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $135.03
- 4 Days on Market
- MLS # : 14499057
- Updated Date : 01/16/2021 at 08:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,844 sqft
- Baths : 2 full
Listing Agent
Realty Executives Dfw Eagle Mt
Listing Agent's Description
Gorgeous 3.2.2. with an open floor plan in a great location. This home features a large kitchen with breakfast bar, island, stained cabinets, and tile backsplash. Some of the additional features include wood floors, a wood burning fireplace, and newer AC unit. Spacious master suite with a large tub, separate shower, and double sinks. A flex room could be used either as dining room or study, what ever the need. Some of the beautiful touches include art niches, skylight and soothing updated colors. The home sits across the street from greenbelt so there is a nice spacious view!
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
Neighborhood: Dorado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dorado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$865 |
| Property Tax | -$571 | |
| Property Insurance | -$134 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$77
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$249,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| 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
$71,735
LOAN DETAILS
$865
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,250 |
| Loan Amount | $186,750 |
5.67
YEARS SAVED
$15,945
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,766
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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- $1,750
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LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
509 Vidalia Court Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2013
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,795
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-
10856 Middleglen Road Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2010
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,800
- $0.97
PROPERTY LISTING DETAILS
Realty Executives Dfw Eagle Mt
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499057
Last Updated: 01/16/2021
