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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $143.15
- 6 Days on Market
- MLS # : 14472131
- Updated Date : 11/21/2020 at 11:14
CONSTRUCTION
- Beds : 4
- Floor Size : 2,095 sqft
- Baths : 2 full , 1 half
Listing Agent
Texas Property Brokers, Llc
Listing Agent's Description
Terrific home in Sought after neighborhood of Prairie Creek with Marcus High School. Large 4 BR, 2.5 Bath on oversized Cul-de-Sac lot. The BIG stuff has been updated: waterproof laminate floors, HVAC system, Water Heater and Kitchen Appliances. Spacious master retreat on 1st floor. Enjoy easy access to parks and award winning schools.
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: Prairie Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Prairie Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$518 | |
| Property Insurance | -$148 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$28
|
||
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.
$299,900
PROJECTED PRICE
$1,900
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.8% |
| 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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
5.33
YEARS SAVED
$20,197
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,975
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
1212 Marcus Court Flower Mound, TX 2
- 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,900
- $0.91
-
4816 Lansdale Drive Flower Mound, TX 1
- 3 beds 2 baths ∙ 2,104 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,104 Sqft ∙ Built 1992
![property image]()
LEASED 01/07/20- Rent
- Rent Per SQFT
- $1,900
- $0.90
-
4917 Marcus Drive Flower Mound, TX 3
- 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1993
![property image]()
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,930
- $0.85
-
1063 Colony Street Flower Mound, TX 4
- 3 beds 3 baths ∙ 1,912 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,912 Sqft ∙ Built 1986
![property image]()
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,930
- $1.01
-
1857 Chisolm Trail Lewisville, TX 5
- 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1978
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,950
- $1.01
PROPERTY LISTING DETAILS
Texas Property Brokers, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472131
Last Updated: 11/21/2020
