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INVESTimate
$301,800
List Price
$81,977
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $186.64
- 2 Days on Market
- MLS # : 14420970
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,617 sqft
- Baths : 2 full
Listing Agent
Highland Homes Realty
Listing Agent's Description
MLS# 14420970 - Built by Highland Homes - December completion! ~ Beautiful one story home features 3 bedrooms with walk in closets plus 2 full baths with an open floorplan! Spacious family room with sunny big windows opens to the kitchen-dining area, which features a huge island, beautiful quartz countertops, a walk in pantry and a sunny window seat. Private master bedroom is at the rear, and features a large walk in closet, a huge shower, and big wall of spa shelving. Extended covered patio. Full sod, sprinkler and gutters, plus 6 stained wood fence with metal fence posts. Rear entry. Come see this beautiful home!
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: 76052
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76052
* 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 | $1,600 |
EXPENSES | Loan Payment | -$1,114 |
Property Tax | -$722 | |
Property Insurance | -$121 | |
HOA | -$52 | |
Property Management Fees | -$99 | |
CASH FLOW
-$507
|
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.
$301,800
PROJECTED PRICE
$1,600
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 7.52% |
Maintenance Year (1-5) | 3.00% |
Vacancy | 6.93% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,977
LOAN DETAILS
$1,114
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $75,450 |
Loan Amount | $226,350 |
-0.08
YEARS SAVED
-$2
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,606
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Highland Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420970
Last Updated: 08/25/2020