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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $156.69
- 2 Days on Market
- MLS # : 14511888
- Updated Date : 02/06/2021 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,990 sqft
- Baths : 3 full
Listing Agent
Heritage Real Estate
Listing Agent's Description
Gorgeous home in Deer Creek Estates! 4bdr, 3bth...open floor plan, large stone fireplace. Granite countertops, custom cabinetry, hand-scraped wood floors. Large master with separate his & hers closets. Outside storage shed and large concrete slab dog kennel. A must see!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 76008
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76008
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,870 |
| EXPENSES | Loan Payment | -$1,627 |
| Property Tax | -$1,049 | |
| Property Insurance | -$200 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$106
|
||
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.
$468,500
PROJECTED PRICE
$2,870
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.5% |
| 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
$129,903
LOAN DETAILS
$1,627
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $117,125 |
| Loan Amount | $351,375 |
3.25
YEARS SAVED
$12,673
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,870
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,848
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
110 Harvestwood Lane Aledo, TX 4
- 4 beds 3 baths ∙ 2,990 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,990 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,870
- $0.96
-
208 Welch Folly Lane Aledo, TX 1
- 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2018
LEASED 11/26/19- Rent
- Rent Per SQFT
- $2,550
- $0.96
-
134 Deer Creek Drive Aledo, TX 2
- 3 beds 2 baths ∙ 2,863 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,863 Sqft ∙ Built 1987
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,700
- $0.94
-
14833 Complacent Way Aledo, TX 3
- 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2019
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,800
- $0.97
-
116 Regal Ridge Annetta, TX 5
- 4 beds 3 baths ∙ 3,170 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,170 Sqft ∙ Built 2005
LEASED 10/26/20- Rent
- Rent Per SQFT
- $2,995
- $0.94
PROPERTY LISTING DETAILS
Heritage Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14511888
Last Updated: 02/06/2021
