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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $203.83
- 2 Days on Market
- MLS # : 14471511
- Updated Date : 11/14/2020 at 14:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,619 sqft
- Baths : 2 full , 1 half
Listing Agent
Jp & Associates Uptown
Listing Agent's Description
Adorable treehouse living at its finest. This beauty is perched on a large coveted White Rock Creek lot, the perfect view to host your guests. Features a 2nd living area upstairs, that opens up to the master bedroom with en-suite bath. Lush views throughout. Nestled in the prestigious Lochwood community, and built in 1985. Walking, hiking trails and buffered by wildlife and trees. Bike to White Rock Lake or the Arboretum in minutes. When you're not biking, hiking or kayaking, you can charge your electric car right in your own garage!! Close to dining and entertainment. HVAC 2019, Deck Stain Seal 2018, Retaining Wall 2013, Gutters 2019. Bonus: Fridge, Washer, Dryer, Nest Thermostat and Nest doorbell included!!
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: Dixon Branch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dixon Branch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$782 | |
| Property Insurance | -$121 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$410
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$330,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 10.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
0.25
YEARS SAVED
$163
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,813
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
11315 Lanewood Circle Dallas, TX 2
- 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,810
- $1.12
-
8718 Grenadier Drive Dallas, TX 1
- 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1972
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,625
- $1.01
-
11225 Cactus Lane Dallas, TX 3
- 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1970
LEASED 04/02/20- Rent
- Rent Per SQFT
- $2,000
- $1.23
-
11417 Lochwood Boulevard Dallas, TX 4
- 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1967
LEASED 02/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.11
-
11230 Cactus Lane Dallas, TX 5
- 4 beds 2 baths ∙ 1,767 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,767 Sqft ∙ Built 1969
LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,000
- $1.13
PROPERTY LISTING DETAILS
Jp & Associates Uptown
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14471511
Last Updated: 11/14/2020
