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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $148.54
- 2 Days on Market
- MLS # : 14519803
- Updated Date : 02/20/2021 at 14:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,508 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
The wait is finally over and your new home awaits! Indulge in this rare gem of a home featuring a gourmet kitchen with beautiful granite counters, tile back splash & solid oak cabinetry that overlooks the breakfast nook & large living room with a cozy fireplace, plus a master bedroom that will melt away the stress of the day with the spa-like bathroom & huge walk in closet! This meticulously kept beauty is perfectly nestled away with the privacy of a secluded, quiet neighborhood with an over sized covered back patio & no back neighbors, making it perfect for entertaining and enjoying our beautiful Texas sunsets! Windows replaced April 2014, Roof in 2017, 10x12 Storage shed in backyard with a double loft.
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
Zip Code: 76078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$778 |
| Property Tax | -$407 | |
| Property Insurance | -$114 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$202
|
||
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.
$224,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.2% |
| 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
$65,110
LOAN DETAILS
$778
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,000 |
| Loan Amount | $168,000 |
9.25
YEARS SAVED
$28,400
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,619
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
117 Troxell Boulevard Rhome, TX 3
- 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,600
- $1.06
-
221 Redbud Street Rhome, TX 1
- 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1983
LEASED 08/19/20- Rent
- Rent Per SQFT
- $1,300
- $1.09
-
212 Saint James Court Rhome, TX 2
- 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2002
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,600
- $1.06
-
700 Troxell Boulevard Rhome, TX 4
- 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1999
LEASED 01/25/21- Rent
- Rent Per SQFT
- $1,649
- $1.07
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519803
Last Updated: 02/20/2021
