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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $171.78
- 2 Days on Market
- MLS # : 14528104
- Updated Date : 03/06/2021 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,263 sqft
- Baths : 2 full
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14528104 - Built by History Maker Homes - April completion! ~ Brand New HistoryMaker Home with a Covered Front Porch. 3 Bedrooms, 2 Baths and 2 Car Garage with Garage Door Openers. Open Kitchen with Bartop Breakfast area and Recessed Can Lighting, Smooth top Range Oven, Built-In Microwave and Dishwasher. Master Bath with Dual Vanity Sinks and Walk-In Closet. Fully Sodded Yard with Front and Side yard Sprinkler System and an Oversized Backyard Patio! SMART FEATURES INCLUDED! WiFi everywhere guarantee!
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: Creekside Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creekside Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$754 |
| Property Tax | -$559 | |
| Property Insurance | -$100 | |
| HOA | -$26 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$197
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$216,954
PROJECTED PRICE
$1,340
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$59,493
LOAN DETAILS
$754
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $54,239 |
| Loan Amount | $162,716 |
0.5
YEARS SAVED
$393
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,339
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
123 Clear Creek Terrell, TX 1
- 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,340
- $1.06
-
1803 Ridgecrest Drive Terrell, TX 2
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2006
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,350
- $1.04
-
1827 Willowbrook Drive Terrell, TX 3
- 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 2014
LEASED 10/04/19- Rent
- Rent Per SQFT
- $1,415
- $1.06
-
242 Willow Creek Lane Terrell, TX 4
- 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 2016
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,475
- $1.10
-
104 Shady Creek Lane Terrell, TX 5
- 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2006
LEASED 02/02/21- Rent
- Rent Per SQFT
- $1,550
- $1.04
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14528104
Last Updated: 03/06/2021
