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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $164.98
- 3 Days on Market
- MLS # : 14504590
- Updated Date : 01/22/2021 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,978 sqft
- Baths : 2 full
Listing Agent
Imp Realty
Listing Agent's Description
MLS# 14504590 - Built by Impression Homes - Ready Now! ~ This gorgeous Cambridge home plan by Impression Homes with a decadent front porch as well as extended covered back patio has 4 bedrooms, 2 bathrooms, a family foyer from the garage entry, lots of light and open living spaces. The Smarter Living home automation package includes a Ring Doorbell, Z Wave, wiring for a wireless access point, etc. all on one single app. Set your story for coming home or going to bed to make your home conform to a preset temperature, lighting, etc. Even close your garage door after you leave home with a touch of a button! Fantastic open concept. 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
Zip Code: 76247
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76247
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,133 |
| Property Tax | -$680 | |
| Property Insurance | -$142 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$21
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$326,332
PROJECTED PRICE
$2,100
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| 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
$88,478
LOAN DETAILS
$1,133
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,583 |
| Loan Amount | $244,749 |
3.92
YEARS SAVED
$12,279
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$2,067
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
1211 Alderwood Drive Justin, TX 4
- 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,100
- $1.06
-
276 Hilltop Drive Justin, TX 1
- 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2017
![property image]()
LEASED 07/31/19- Rent
- Rent Per SQFT
- $1,850
- $0.98
-
260 Hilltop Drive Justin, TX 2
- 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2017
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,050
- $1.07
-
100 Honeysuckle Drive Justin, TX 3
- 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2002
![property image]()
LEASED 07/14/20- Rent
- Rent Per SQFT
- $2,100
- $1.13
-
282 Hilltop Drive Justin, TX 5
- 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2016
![property image]()
LEASED 01/11/21- Rent
- Rent Per SQFT
- $2,295
- $1.00
PROPERTY LISTING DETAILS
Imp Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504590
Last Updated: 01/22/2021
