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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $152.83
- 5 Days on Market
- MLS # : 14502149
- Updated Date : 01/20/2021 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,192 sqft
- Baths : 2 full
Listing Agent
Listing Spark
Listing Agent's Description
This home with large woodshop, a Farmhouse and a greenhouse with fenced vegetable garden is in a neighborhood , but has a feel of living in the country. Stunning setting, surrounded by woods and a creek. Beautiful backyard with several sitting areas and porches. The home is on a cul-de-Sac, so there's very little traffic.
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: 75165
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75165
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$727 | |
| Property Insurance | -$154 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$333
|
||
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.
$335,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.1% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
0.42
YEARS SAVED
$469
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,812
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
123 Randy Road Pecan Hill, TX 3
- 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 1993
![property image]()
- Rent
- Rent Per SQFT
- $1,810
- $0.83
-
1102 Panorama Loop Waxahachie, TX 1
- 4 beds 2 baths ∙ 2,283 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,283 Sqft ∙ Built 1974
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,675
- $0.73
-
106 Wellington Court Waxahachie, TX 2
- 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2002
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,800
- $0.84
-
710 Adams Street Waxahachie, TX 4
- 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2008
![property image]()
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
PROPERTY LISTING DETAILS
Listing Spark
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502149
Last Updated: 01/20/2021
