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1220 Karsten Ridge Pass 
Gunter, TX
75058
4 Beds 5 Baths 4,244 sqft
Built 2020
INVESTimate
$589,900
List Price
$158,324
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $139.00
- 2 Days on Market
- MLS # : 14420576
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,244 sqft
- Baths : 3 full , 2 half
Listing Agent
Keys 2 It All, Llc.
Listing Agent's Description
Oversize Lot, Jan. 2021 Completion! Beautiful Custom Home features 4 bedrooms, 5 baths, study, dining, media, and game room. Chef's kitchen perfect for entertaining offers a large island, tons of storage and SS appliances. Family, kitchen, and dining flow perfectly together, welcoming natural light through the oversized windows. The lavish master suite on 1st floor makes for a quiet retreat and features a resort style bath, connected to the laundry room. Upstairs you are greeted with a spacious game, media, and two more bedrooms. Large covered patio with a fireplace and a large backyard with plenty of space for a pool. This home is Energy Star Certified. For additional details please contact the listing agent.
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: 75058
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75058
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,340 |
| EXPENSES | Loan Payment | -$2,176 |
| Property Tax | -$1,401 | |
| Property Insurance | -$258 | |
| HOA | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$674
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$589,900
PROJECTED PRICE
$3,340
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 8.95% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$158,324
LOAN DETAILS
$2,176
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $147,475 |
| Loan Amount | $442,425 |
0.08
YEARS SAVED
$36
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,340
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$3,395
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
1220 Karsten Ridge Pass Gunter, TX 2
- 4 beds 5 baths ∙ 4,244 Sqft ∙ Built 2020 4 beds 5 baths ∙ 4,244 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $3,340
- $0.79
-
1026 Bent Tree Lane Gunter, TX 1
- 5 beds 5 baths ∙ 4,122 Sqft ∙ Built 2014 5 beds 5 baths ∙ 4,122 Sqft ∙ Built 2014
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $3,300
- $0.80
PROPERTY LISTING DETAILS
Keys 2 It All, Llc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420576
Last Updated: 08/25/2020
