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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $141.03
- 6 Days on Market
- MLS # : 14502574
- Updated Date : 01/21/2021 at 17:23
CONSTRUCTION
- Beds : 3
- Floor Size : 2,262 sqft
- Baths : 2 full
Listing Agent
Bhhs Premier Properties
Listing Agent's Description
UPdated everything! This beautiful home has incredible views overlooking signature hole. 3 bedrooms, 2 baths, 2 car garage, has been updated throughout. New Flooring, granite, plumbing, fixtures, and so much more. Home has wet bar, sunroom with large bay windows which allow for spectacular views overlooking the golf course and pond. Located at the end of cul-de-sac and surrounded by trees, this home is a MUST see!
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: Hideaway Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hideaway Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,108 |
| Property Tax | -$522 | |
| Property Insurance | -$158 | |
| HOA | -$625 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$551
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.
$319,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.61%
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) | 8.00% |
| Vacancy | 10.10% |
| 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
$90,285
LOAN DETAILS
$1,108
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
-0.25
YEARS SAVED
-$53
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,104
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1171 Fairway West Hideaway, TX 1
- 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,960
- $0.87
-
522 Hide A Way Lane Hideaway, TX 2
- 3 beds 3 baths ∙ 2,364 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,364 Sqft ∙ Built 1975
LEASED 01/14/21- Rent
- Rent Per SQFT
- $2,190
- $0.93
PROPERTY LISTING DETAILS
Bhhs Premier Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502574
Last Updated: 01/21/2021
