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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $150.99
- 8 Days on Market
- MLS # : 14487454
- Updated Date : 12/24/2020 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,669 sqft
- Baths : 2 full
Listing Agent
Keller Williams-johnson County
Listing Agent's Description
Stop searching and say good-bye to high electric bills!! Imagine yourself in this gorgeous 3 years old Bloomfield Home! Move-In Ready with easy access to I-35W. This home provides an open floor plan with a gourmet kitchen featuring granite countertops, built-in-Stainless Steel appliances, custom cabinets and a large island. Family Room infused with natural light and large Study with French Doors. Relax in your beautiful Master Bedroom Retreat with dual sinks, walk-in-closet, garden tub & separate shower. On top of it all, the installed roof solar panels will provide a near zero or minimal electric bill depending on your usage. Solar Panels being paid off at Closing. Don't let this sweet opportunity pass you by!
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: Stonegate Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonegate Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$930 |
| Property Tax | -$578 | |
| Property Insurance | -$124 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$10
|
||
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.
$252,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$72,530
LOAN DETAILS
$930
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,000 |
| Loan Amount | $189,000 |
4.5
YEARS SAVED
$13,395
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,711
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
119 Gateway Drive Alvarado, TX 3
- 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,740
- $1.04
-
113 Cherokee Trail Alvarado, TX 1
- 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 2001
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,350
- $1.02
-
123 Apache Trail Alvarado, TX 2
- 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1999
LEASED 12/16/20- Rent
- Rent Per SQFT
- $1,595
- $1.03
PROPERTY LISTING DETAILS
Keller Williams-johnson County
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14487454
Last Updated: 12/24/2020
