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118 High Harvest Road 
Dallas, TX
75241
4 Beds 3 Baths 1,690 sqft
Built 2017
INVESTimate
$208,000
List Price
$60,870
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $123.08
- 2 Days on Market
- MLS # : 14417127
- Updated Date : 08/25/2020 at 05:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,690 sqft
- Baths : 2 full , 1 half
Listing Agent
Rogers Healy And Associates
Listing Agent's Description
Charming two story home, ready for a new family! It's a 4 bed 2.5 bath home with the perfect floor plan that has a Masters Downstairs with a spacious closet. All other rooms are upstairs along with a huge game or play room area, perfect for the kids. Home is equipped with laminate, carpet and tile flooring throughout. Step out into the spacious backyard with new greenery just planted! Don't miss out on making this well maintained home all yours! Built in 2017, this young and affordable home is a quality build just minutes away from Downtown and Fair Park.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Wheatland Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wheatland Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$767 |
| Property Tax | -$493 | |
| Property Insurance | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$26
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$208,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 13.76% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,870
LOAN DETAILS
$767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,000 |
| Loan Amount | $156,000 |
4.92
YEARS SAVED
$12,161
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,466
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
118 High Harvest Road Dallas, TX 4
- 4 beds 3 baths ∙ 1,690 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,690 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $1,510
- $0.89
-
139 Cliff Heights Circle Dallas, TX 1
- 4 beds 3 baths ∙ 1,508 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,508 Sqft ∙ Built 2006
![property image]()
LEASED 09/26/19- Rent
- Rent Per SQFT
- $1,375
- $0.91
-
7524 Amber Drive Dallas, TX 2
- 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 2004
![property image]()
LEASED 02/06/20- Rent
- Rent Per SQFT
- $1,395
- $0.91
-
120 Idlewheat Lane Dallas, TX 3
- 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2006
![property image]()
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,455
- $0.80
-
108 Spelt Lane Dallas, TX 5
- 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2007
![property image]()
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,550
- $0.85
PROPERTY LISTING DETAILS
Rogers Healy And Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14417127
Last Updated: 08/25/2020
