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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $149.54
- 2 Days on Market
- MLS # : 14514438
- Updated Date : 02/06/2021 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,442 sqft
- Baths : 3 full
Listing Agent
Ntex Realty, Lp
Listing Agent's Description
The San Bernard is a great open floor plan for entertaining! The kitchen and breakfast room overlook the family room at the back of the house. The master bedroom suite includes a master bath with a garden tub, storage closet, and private commode. There is also his and her vanities and separate tub and shower. Two of the additional bedrooms are conveniently located next to each other with a bathroom across the hall. Separate from those is a 4th bedroom with a 3rd full bath! Take action and come view this stunning home!
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
Zip Code: 76082
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76082
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,720 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$539 | |
| Property Insurance | -$168 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$603
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$365,172
PROJECTED PRICE
$2,720
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 3.00% |
| 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
$98,771
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,293 |
| Loan Amount | $273,879 |
13.33
YEARS SAVED
$79,615
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,720
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$2,637
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
1118 County Road 4797 Springtown, TX 2
- 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,720
- $1.11
-
2048 Dash Lane Springtown, TX 1
- 3 beds 2 baths ∙ 2,315 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,315 Sqft ∙ Built 2018
LEASED 10/11/20- Rent
- Rent Per SQFT
- $2,495
- $1.08
PROPERTY LISTING DETAILS
Ntex Realty, Lp
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514438
Last Updated: 02/06/2021
