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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $166.18
- 5 Days on Market
- MLS # : 14473587
- Updated Date : 12/23/2020 at 11:03
CONSTRUCTION
- Beds : 5
- Floor Size : 4,453 sqft
- Baths : 4 full , 1 half
Listing Agent
Liv Realty, Llc
Listing Agent's Description
Elegant two-story home with an open concept floor plan & abundant windows. This meticulously maintained home has a curved staircase, high exposed beam ceilings & custom lighting. The kitchen has double convection ovens, 42-inch cabinets & a large island. The extended covered back patio is perfect for entertaining or relaxing. Two bedrooms downstairs including the master and three bedrooms upstairs. Upstairs has a media room & loft area. MUST SEE!! Over $150K in upgrades: Flooring, office and master bedroom ceiling, fireplace tile, staircase, extended covered patio with outdoor kitchen, gas grill & refrigerator, heated six foot deep pool and spa.
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: Harbor Grove Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harbor Grove Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,800 |
| EXPENSES | Loan Payment | -$2,730 |
| Property Tax | -$1,383 | |
| Property Insurance | -$284 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$760
|
||
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.
$740,000
PROJECTED PRICE
$3,800
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$201,850
LOAN DETAILS
$2,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $185,000 |
| Loan Amount | $555,000 |
0.5
YEARS SAVED
$1,669
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,800
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$3,518
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
114 Stallion Lane Hickory Creek, TX 2
- 5 beds 5 baths ∙ 4,453 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,453 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $3,800
- $0.85
-
221 Pimlico Hickory Creek, TX 1
- 5 beds 5 baths ∙ 4,667 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,667 Sqft ∙ Built 2015
LEASED 07/16/19- Rent
- Rent Per SQFT
- $3,695
- $0.79
PROPERTY LISTING DETAILS
Liv Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473587
Last Updated: 12/23/2020
