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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $129.08
- 2 Days on Market
- MLS # : 14501640
- Updated Date : 01/23/2021 at 04:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,208 sqft
- Baths : 2 full
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
This is it, Your Slice of Paradise Awaits You in the Highly Sought After Kingston Meadows Neighborhood of Glenn Heights. This Lovely DR Horton Home Features 3 Bedroom, 2 Bathroom, 2 Car Garage, Office, Study, or 4th Bedroom Option, You Be The Judge, Also Enjoy Great Open Living and Dining Areas. And Let's Not Forget the Inside Plantation Shutters on All Large Windows Throughout the Home with Added Custom Motorized Blinds in Dining Area and Master Bathroom for Your Comfort. When you take into account the Large Tile Throughout The Home, High Ceilings, and Skylight in the Kitchen, This Well Maintain Young Home Flows with Elegance and Style, That's Ready for New Homeowners to Call This Home Sweet Home. Call Today!
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: 75154
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75154
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$719 | |
| Property Insurance | -$155 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$162
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$285,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$81,275
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
1.5
YEARS SAVED
$2,512
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,827
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
1219 Crest Ridge Drive Glenn Heights, TX 4
- 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,820
- $0.82
-
1717 Rock Ridge Drive Cedar Hill, TX 1
- 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 2007
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,650
- $0.81
-
1104 Wynnewood Drive Glenn Heights, TX 2
- 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 2007
LEASED 12/31/20- Rent
- Rent Per SQFT
- $1,750
- $0.79
-
1610 Forest Creek Drive Cedar Hill, TX 3
- 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 2006
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,775
- $0.87
-
1302 Turnbridge Drive Glenn Heights, TX 5
- 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 2009
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,850
- $0.84
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14501640
Last Updated: 01/23/2021
