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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $149.98
- 9 Days on Market
- MLS # : 14460228
- Updated Date : 10/27/2020 at 14:29
CONSTRUCTION
- Beds : 4
- Floor Size : 2,987 sqft
- Baths : 3 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
This home is the one that you have been searching for! After passing through one of the several gates into the neighborhood you instantly feel safer. The home offers professionally installed engineered hardwood, fresh carpet, open concept, all located on a large corner lot! When you enter into this fantastic home you are taken back by all the updates, vaulted ceilings, and decorative lighting. You can use this home in several ways, the oversized office has a closet, and dedicated bathroom. This could easily turn into a 5th bedroom if needed, come see your new home!
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
Zip Code: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,880 |
| EXPENSES | Loan Payment | -$1,653 |
| Property Tax | -$940 | |
| Property Insurance | -$200 | |
| HOA | -$74 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$86
|
||
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.
$448,000
PROJECTED PRICE
$2,880
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| 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
$124,470
LOAN DETAILS
$1,653
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,000 |
| Loan Amount | $336,000 |
3.5
YEARS SAVED
$16,899
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,880
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,890
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
1211 Marblewood Drive Keller, TX 2
- 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,987 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,880
- $0.96
-
1211 Ranch Court Keller, TX 1
- 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 1999
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,700
- $0.97
-
8312 Vine Wood Drive North Richland Hills, TX 3
- 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,060 Sqft ∙ Built 2003
LEASED 08/25/20- Rent
- Rent Per SQFT
- $2,900
- $0.95
-
2309 Watercrest Drive Keller, TX 4
- 4 beds 3 baths ∙ 2,998 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,998 Sqft ∙ Built 2002
LEASED 09/25/20- Rent
- Rent Per SQFT
- $2,975
- $0.99
-
1105 Elmgrove Lane Keller, TX 5
- 5 beds 3 baths ∙ 3,116 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,116 Sqft ∙ Built 2000
LEASED 04/29/20- Rent
- Rent Per SQFT
- $3,000
- $0.96
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14460228
Last Updated: 10/27/2020
