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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $121.75
- 6 Days on Market
- MLS # : 14476223
- Updated Date : 12/04/2020 at 10:44
CONSTRUCTION
- Beds : 4
- Floor Size : 4,106 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
Luxurious 4 bedroom home on the greenbelt offers abundant natural light and a layout designed for easy living*Highlights of the home include handscraped HW floors throughout main living areas, radiant barrier & nest thermostat*Private office w french door entry*The stylish kitchen features double ovens, granite countertops & planning desk*Inviting two story family room w abundant windows & a stone fireplace w a gas starter*With its walk in closet and ensuite, the spacious master bedroom is a welcoming retreat*Upstairs you will find 3 spacious bedrooms & a game room*Media Room features surround sound & a bonus screen & projector*2017 Roof*New carpet*Fresh paint*Located in Lantana's established Isabel community.
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Neighborhood: Lantana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lantana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,550 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$1,131 | |
| Property Insurance | -$264 | |
| HOA | -$121 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$90
|
||
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.
$499,900
PROJECTED PRICE
$3,550
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 4.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
5.08
YEARS SAVED
$31,452
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,550
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$3,634
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
1129 Reese Way Lantana, TX 4
- 4 beds 4 baths ∙ 4,106 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,106 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $3,550
- $0.86
-
723 Lathrop Street Lantana, TX 1
- 4 beds 4 baths ∙ 4,009 Sqft ∙ Built 2009 4 beds 4 baths ∙ 4,009 Sqft ∙ Built 2009
LEASED 11/16/20- Rent
- Rent Per SQFT
- $3,300
- $0.82
-
704 Skyler Street Argyle, TX 2
- 4 beds 4 baths ∙ 3,782 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,782 Sqft ∙ Built 2008
LEASED 11/08/19- Rent
- Rent Per SQFT
- $3,400
- $0.90
-
1304 Foxglove Circle Lantana, TX 3
- 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2008
LEASED 04/21/20- Rent
- Rent Per SQFT
- $3,400
- $0.90
-
1401 Goldenrod Circle Lantana, TX 5
- 5 beds 4 baths ∙ 4,120 Sqft ∙ Built 2009 5 beds 4 baths ∙ 4,120 Sqft ∙ Built 2009
LEASED 05/29/20- Rent
- Rent Per SQFT
- $3,800
- $0.92
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476223
Last Updated: 12/04/2020
