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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $114.99
- 7 Days on Market
- MLS # : 14480820
- Updated Date : 12/06/2020 at 22:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,470 sqft
- Baths : 3 full , 1 half
Listing Agent
Mersaes Real Estate, Inc.
Listing Agent's Description
Beautiful home offers features that many families look for: ceramic in all floors down stairs and bamboo planks up stairs, no carpet, 2 masters, one downstairs & one upstairs. All bedrooms are huge, with walk-in closets & ceiling fans. Spacious open floor perfect for entertainment, plenty of parking space for your guess. The house has light color painted walls with bull nose corners, recessive ceilings and pine wood baseboards. Arches & columns separate the formal living-dining. The wood staircase with metal ornament railing will lead you to the 2nd floor. After the dinning there is a big 2nd living area next to the huge kitchen that has real wood cabinets, granite countertops and glass & ceramic back splash.
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: Winnetka Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winnetka Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,020 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$946 | |
| Property Insurance | -$228 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$275
|
||
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.
$399,000
PROJECTED PRICE
$3,020
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 14.0% |
| 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
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
7.58
YEARS SAVED
$45,478
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,020
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$4,823
COMP ESTIMATED VALUE -
$1.39
COMP AVG. RENT PER SQFT
Comps Range
-
1115 Tarpley Avenue Dallas, TX 1
- 5 beds 4 baths ∙ 3,470 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,470 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $3,020
- $0.87
-
731 N Oak Cliff Boulevard Dallas, TX 2
- 4 beds 5 baths ∙ 3,249 Sqft ∙ Built 2019 4 beds 5 baths ∙ 3,249 Sqft ∙ Built 2019
![property image]()
LEASED 04/07/20- Rent
- Rent Per SQFT
- $4,500
- $1.39
PROPERTY LISTING DETAILS
Mersaes Real Estate, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480820
Last Updated: 12/06/2020
