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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $167.31
- 2 Days on Market
- MLS # : 14475642
- Updated Date : 11/21/2020 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,600 sqft
- Baths : 3 full , 1 half
Listing Agent
Biggs Realty
Listing Agent's Description
Easy 45 min drive from Dallas - escape to the lake! Thoughtful floorplan offers 4 bedrooms, 3.5 baths & a large office with French doors! Fourth bedroom with full bath is the only room upstairs & would make a great gameroom, media room, or teen retreat! Beautiful owner retreat with separate vanities, garden tub, and oversized shower. Split design offers 2 bedrooms with a big Jack & Jill bath. LOTS of closet space in this home! Large covered patio. Designer touches throughout with fantastic views of trees and nature on this .86 acre lot. Additional .86 lot available next door! Oakmont is an exclusive gated (gate coming soon) lakeside community with planned amenities including pavilion & boat trailer lot.
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
Neighborhood: City View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: City View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$1,605 |
| Property Tax | -$926 | |
| Property Insurance | -$177 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$318
|
||
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.
$435,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 2.2% |
| Maintenance Year (1-5) | 3.00% |
| 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
$117,275
LOAN DETAILS
$1,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
1.33
YEARS SAVED
$3,705
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,522
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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115 Oakbend Trail Mabank, TX 3
- 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 2020
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- Rent Per SQFT
- $2,540
- $0.98
-
6925 Andress Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 2001
LEASED 06/20/19- Rent
- Rent Per SQFT
- $1,895
- $0.84
-
7121 Axis Court Fort Worth, TX 2
- 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 2000
LEASED 06/21/19- Rent
- Rent Per SQFT
- $2,275
- $1.00
-
7120 Axis Court Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2000
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,800
- $1.00
-
7345 Brightwater Road Fort Worth, TX 5
- 3 beds 4 baths ∙ 2,800 Sqft ∙ Built 2008 3 beds 4 baths ∙ 2,800 Sqft ∙ Built 2008
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,899
- $1.04
PROPERTY LISTING DETAILS
Biggs Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475642
Last Updated: 11/21/2020
