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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $119.92
- 3 Days on Market
- MLS # : 14475972
- Updated Date : 11/28/2020 at 09:39
CONSTRUCTION
- Beds : 3
- Floor Size : 2,043 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
This Beautiful 3 bedroom open floor plan home is move-in ready in Winchester Park. Large Kitchen with a spacious island and amenities include a refrigerator. Other features includes laminate wood flooring in the downstairs living area, washing machine and dryer and a water purifying system. Great floor plan with a formal dining area that can be used as a study. The living room is open to the kitchen with a wood burning fireplace. Large master retreat that features dual sinks, separate tub and shower, and a walk-in closet. Enjoy privacy along with a beautiful view on the upstairs balcony that opens from the game room. Bring your personal creative touch and make this your perfect home. MUST SEE and will GO FAST!
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
Neighborhood: Winchester Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winchester Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,750 |
EXPENSES | Loan Payment | -$904 |
Property Tax | -$562 | |
Property Insurance | -$145 | |
HOA | -$17 | |
Property Management Fees | -$99 | |
CASH FLOW
$24
|
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.
$245,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.74% |
Appreciation Year (1-5) | 12.4% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.69% |
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
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $61,250 |
Loan Amount | $183,750 |
4.58
YEARS SAVED
$13,732
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,808
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475972
Last Updated: 11/28/2020