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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $131.95
- 3 Days on Market
- MLS # : 14491235
- Updated Date : 12/31/2020 at 19:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,474 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Beautiful New Home being Built in the New Shallow Water Estates Subdivision in Clyde. This 3bed 2bath home boast a nice open floor plan providing options for you. Great Living Area with 9 foot ceilings. Spacious Kitchen with granite counters, Island, Stainless Appliances and more. Great master with separate tub and shower plus spacious walk-in-closet. The covered back porch provides a perfect space for entertaining family and friends. Home Sweet Home. Please Verify measurements
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 79510
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 79510
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,560 |
EXPENSES | Loan Payment | -$718 |
Property Tax | -$425 | |
Property Insurance | -$111 | |
Property Management Fees | -$99 | |
CASH FLOW
$207
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$194,500
PROJECTED PRICE
$1,560
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 2.50% |
Appreciation Year (1-5) | 3.4% |
Maintenance Year (1-5) | 3.00% |
Vacancy | 9.90% |
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
$53,543
LOAN DETAILS
$718
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $48,625 |
Loan Amount | $145,875 |
6.58
YEARS SAVED
$18,616
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,562
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491235
Last Updated: 12/31/2020