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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $118.12
- 2 Days on Market
- MLS # : 14502470
- Updated Date : 01/23/2021 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,285 sqft
- Baths : 2 full , 1 half
Listing Agent
Fathom Realty Llc
Listing Agent's Description
Pull up to a well maintained home in the sought after Red Oak ISD. Located within walking distance of Pearson Park that has a playground, great for an evening walk & a catch & release fishing pond. Walk to the municipal center which has a public library. Enjoy the covered patio in the afternoons. Easy access to the highway. Built-In Pest Control System. Buyer to verify school, tax, sq footage, etc. Information Deemed Reliable But Not Guaranteed!
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 | $1,830 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$588 | |
| Property Insurance | -$159 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$46
|
||
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.
$269,900
PROJECTED PRICE
$1,830
PROJECTED RENT
0.68%
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
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
5.25
YEARS SAVED
$14,752
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,005
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
123 Parks Branch Road Red Oak, TX 1
- 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,830
- $0.80
-
308 Mary Court Glenn Heights, TX 2
- 3 beds 3 baths ∙ 2,079 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,079 Sqft ∙ Built 2016
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,850
- $0.89
-
608 Aspen Court Red Oak, TX 3
- 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,000
- $0.81
-
124 High Meadow Road Red Oak, TX 4
- 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2006
LEASED 03/26/20- Rent
- Rent Per SQFT
- $2,150
- $0.90
-
300 Sunrise Lane Red Oak, TX 5
- 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2006
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,195
- $0.91
PROPERTY LISTING DETAILS
Fathom Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502470
Last Updated: 01/23/2021
