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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $156.34
- 3 Days on Market
- MLS # : 14493542
- Updated Date : 01/08/2021 at 09:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,759 sqft
- Baths : 2 full
Listing Agent
Baas Realty, Llc
Listing Agent's Description
You have arrived to your forever home. Recently painted interior & updated owner's ensuite boasts large shower with glass wall, drying & shaving benches; tile flooring, tall toilet & seamless sinks & countertops. Large kitchen with working island, lots of cabinet space, recently upgraded LG range & serving bar. Separate large laundry room with storage & counter space. Ring doorbell & Nest thermostat will stay. Most windows have been update with energy efficient & easy to clean glass. Outdoor landscaping has been updated with year-around plants and white rock mulch. Vinyl fence recently replaced with the finishing touches being completed in Feb. Lawn, preventative pest control & HVAC professionally maintained.
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: Rolling Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rolling Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$635 | |
| Property Insurance | -$129 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$138
|
||
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.
$275,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.2% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
1.92
YEARS SAVED
$3,552
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,724
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
1100 Fawn Meadow Trail Kennedale, TX 3
- 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $0.96
-
5733 Vandalia Trail Arlington, TX 1
- 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1996
![property image]()
LEASED 01/18/20- Rent
- Rent Per SQFT
- $1,595
- $0.97
-
5622 Northstar Lane Arlington, TX 2
- 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1997
![property image]()
LEASED 12/09/20- Rent
- Rent Per SQFT
- $1,595
- $0.97
-
5925 Rock Meadow Trail Arlington, TX 4
- 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1998
![property image]()
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,700
- $1.00
-
1128 Fawn Meadow Trail Kennedale, TX 5
- 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.98
PROPERTY LISTING DETAILS
Baas Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493542
Last Updated: 01/08/2021
