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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $147.33
- 4 Days on Market
- MLS # : 14503808
- Updated Date : 01/29/2021 at 15:44
CONSTRUCTION
- Beds : 4
- Floor Size : 2,138 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Multiple Offers received. The cutoff is Saturday 1-30-21 at 4pm. Decision will be made Sunday. 4Bed, 2.5Bath Home offers SEVERAL UPGRADES, including, rich hardwood flooring, EXTENSIVE Crown molding, ceiling fans, rounded wall corners Elegant Plantation Shutters. Spacious Living Area with Corner Fireplace, Large Master Suite. STUNNING MASTER BATH with a $5,000 CUSTOM Built shower and 3 secondary bedrooms. Large open Kitchen has SS energy efficient appliances, nice granite counters with under cabinet lighting. extended covered Patio with new 2 tier pergola. Sellers love this subdivision so much that they are moving within it. PCS has been great for their children but they just need more space.
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: Paloma Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paloma Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$660 | |
| Property Insurance | -$151 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$45
|
||
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.
$315,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.0% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
3.58
YEARS SAVED
$10,404
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,026
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
1112 Pigeon Hawk Drive Little Elm, TX 3
- 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,990
- $0.93
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1405 Grackle Drive Little Elm, TX 1
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LEASED 12/18/20- Rent
- Rent Per SQFT
- $1,850
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-
1528 Zebra Finch Drive Little Elm, TX 2
- 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 2015
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,950
- $0.93
-
1500 Yellowthroat Drive Little Elm, TX 4
- 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2016
LEASED 01/12/21- Rent
- Rent Per SQFT
- $2,095
- $1.03
-
1321 Audubon Drive Little Elm, TX 5
- 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2020
LEASED 09/07/20- Rent
- Rent Per SQFT
- $2,200
- $0.96
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14503808
Last Updated: 01/29/2021
