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122 Salsbury Circle Murphy, TX 75094

4 Beds 4 Baths 4,433 sqft Built 2004

$655,000

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $147.76
  • 2 Days on Market
  • MLS # : 14489622
  • Updated Date : 02/13/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,433 sqft
  • Baths : 4 full
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

IN HEAVILY SOUGHT after MANORS of ROLLING RIDGE! Custom 4 bed, 4 bath home on a half acre cul-de-sac lot next to a treed greenbelt. INCREDIBLE wood floors! Study has built-ins with AMAZING vaulted wood ceiling and wood beams.Plantation shutters covers all windows. Granite countertops, Stainless Steel appliances and built-in sub-zero refrigerator, double ovens & slate tile floor in kitchen. Spacious Family Room with stone fireplace. GINORMOUS MASTER bedroom with 2-sided fireplace thru to bathroom. Media & game room on second level. ASTONISHING backyard has SPARKLING POOL & WATERFALL!! A large covered patio with 2 attached grills (propane, charcoal). Fantastic landscaping! A MUST SEE, IT WILL NOT LAST LONG!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Rolling Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k577k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Rolling Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263577

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Hunt Elementary School Primary Regular 731 46 10
Murphy Middle School Middle Regular 1,217 65 10
Mcmillen High School High Regular 1,088 70 8

Hunt Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 46
10
GreatSchools Rating

Murphy Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 65
10
GreatSchools Rating

Mcmillen High School

  • Education Level: High
  • # of students: 1,088
  • # of teachers: 70
8
GreatSchools Rating
 

$589,500$720,500$655,000

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$2,275
Property Tax -$1,140
Property Insurance -$283
HOA -$42
Property Management Fees -$99
CASH FLOW
-$289

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.

$655,000

PROJECTED PRICE

$3,550

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 2.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,325

INVESTMENT

$179,325

Down Payment
$163,750
Rehab Estimate
$5,750
Closing Costs
$9,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,275

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $163,750
Loan Amount $491,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$10,638

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,550

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,948

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$3,0004$3,0005$3,550
$3,550
RENT COMPS ANALYSIS
  • 122 Salsbury Circle Murphy, TX 5
    • 4 beds 4 baths ∙ 4,433 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,433 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $0.80
    •  
  • 700 Country Meadow Murphy, TX 1
    • 5 beds 4 baths ∙ 4,096 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,096 Sqft ∙ Built 2004
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.63
    •  
  • 4209 Tall Oak Lane Plano, TX 2
    • 5 beds 4 baths ∙ 4,127 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,127 Sqft ∙ Built 2004
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.68
    •  
  • 232 High Point Drive Murphy, TX 3
    • 5 beds 4 baths ∙ 4,218 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,218 Sqft ∙ Built 2005
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.71
    •  
  • 1605 Genevieve Drive Wylie, TX 4
    • 4 beds 4 baths ∙ 4,672 Sqft ∙ Built 2014 4 beds 4 baths ∙ 4,672 Sqft ∙ Built 2014
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.64
    •  
PROPERTY LISTING DETAILS
Kevin Harris
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489622
Last Updated: 02/13/2021
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