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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $162.16
- 2 Days on Market
- MLS # : 14519921
- Updated Date : 02/20/2021 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,850 sqft
- Baths : 2 full
Listing Agent
Jp & Associates Frisco
Listing Agent's Description
UNDER CONSTRUCTION: Lake Kiowa is a gated community with a recreational lake, an 18-hole golf course, lodge , and basketball, tennis, volleyball and beaches. Semi custom options available. Currently beginning the foundation, choose paint colors, tile, laminate, carpet and brick within budget! This 4 bedroom, 3 FULL bath home also has an office that can be used as a 5th bedroom. 10' ceilings in the great room, foyer, master bedroom and office lend to this spacious open floor plan. Granite, stainless steel appliances, and some crown molding highlight this beautiful home. (6) 7 foot windows along the back of the home provide a beautiful golf course view. Enjoy the large covered patio with hanging ceiling fans.
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: 76240
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76240
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$664 | |
| Property Insurance | -$130 | |
| HOA | -$250 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$635
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$300,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.00% |
| 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
$81,500
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
-0.33
YEARS SAVED
$966
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,980
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
112 Lake Kiowa West Lake Kiowa, TX 1
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,550
- $0.84
-
109 Bowie Drive Lake Kiowa, TX 2
- 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2019
LEASED 10/21/20- Rent
- Rent Per SQFT
- $2,300
- $1.07
PROPERTY LISTING DETAILS
Jp & Associates Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519921
Last Updated: 02/20/2021
