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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $156.09
- 3 Days on Market
- MLS # : 14481609
- Updated Date : 12/04/2020 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,922 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Fantastic 3 BR 2 BA home with plenty of natural Light. Very large living room and spacious master bedroom with and master bath including a jetted garden tub. A beautiful entry way with a parlor- library. Large backyard perfect for a pool, garden, playground or bbq with plenty of room to spare. Plenty of privacy with capped 8ft. cedar fence and custom gate and side cemented drive. A covered patio is wonderful for entertaining. The kitchen has 6 bay type windows. Open concept with great view outside from kitchen to keep an eye open for your children secured safely behind the 8 foot gate. Included on the side of the house through the gate is a very large cemented side driveway.
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: Trinity Gardens Benbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trinity Gardens Benbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$647 | |
| Property Insurance | -$138 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$241
|
||
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.
$299,999
PROJECTED PRICE
$1,760
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.6% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $224,999 |
1.25
YEARS SAVED
$2,085
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,763
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,760
- $0.92
-
1168 Albatross Court Benbrook, TX 1
- 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2003
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LEASED 10/24/19- Rent
- Rent Per SQFT
- $1,695
- $0.96
-
7501 Rall Circle Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1988
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LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,750
- $0.89
-
1308 Vernon Castle Avenue Benbrook, TX 4
- 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 2003
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LEASED 06/07/20- Rent
- Rent Per SQFT
- $1,795
- $0.90
-
1500 Vernon Castle Avenue Benbrook, TX 5
- 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2004
![property image]()
LEASED 11/12/20- Rent
- Rent Per SQFT
- $1,850
- $0.92
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481609
Last Updated: 12/04/2020
