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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $200.40
- 4 Days on Market
- MLS # : 14517280
- Updated Date : 02/12/2021 at 18:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,744 sqft
- Baths : 3 full
Listing Agent
Paragon Realtors
Listing Agent's Description
MULTIPLE OFFERS RECEIVED; Submission Deadline Sunday, February 14 at 12:00pm. Beautifully updated home in quiet JJ Pearce neighborhood. Flexible floor plan, large fourth bedroom could easily serve as a second living area. Gorgeous hand scraped hardwood floors throughout. Updated kitchen with stainless appliances, great cabinet, counter space. Huge living room with fireplace, built-ins. Master suite with updated bathroom, dual sinks, bathtub, open shower, two walk-in closets. Secondary bedrooms have nice closets and share Jack and Jill type bath. Large, covered backyard patio, nicely landscaped with full sprinkler system. Wonderful property that is completely move-in ready!
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: J.J. Pearce
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: J.J. Pearce
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,610 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$1,284 | |
| Property Insurance | -$186 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$869
|
||
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.
$549,900
PROJECTED PRICE
$2,610
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.8% |
| 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
$151,474
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,475 |
| Loan Amount | $412,425 |
-0.08
YEARS SAVED
-$6
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,610
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,614
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
1107 Edith Circle Richardson, TX 5
- 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $2,610
- $0.95
-
1211 Seminole Drive Richardson, TX 1
- 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1967
LEASED 12/18/20- Rent
- Rent Per SQFT
- $2,200
- $0.87
-
16361 Lauder Lane Dallas, TX 2
- 4 beds 5 baths ∙ 2,450 Sqft ∙ Built 1980 4 beds 5 baths ∙ 2,450 Sqft ∙ Built 1980
LEASED 06/09/20- Rent
- Rent Per SQFT
- $2,350
- $0.96
-
1128 Stratford Drive Richardson, TX 3
- 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 1978
LEASED 12/31/20- Rent
- Rent Per SQFT
- $2,400
- $0.91
-
1329 Melrose Richardson, TX 4
- 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 1972
LEASED 04/29/20- Rent
- Rent Per SQFT
- $2,595
- $1.07
PROPERTY LISTING DETAILS
Paragon Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14517280
Last Updated: 02/12/2021
