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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $165.00
- 1 Days on Market
- MLS # : 14478398
- Updated Date : 12/19/2020 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,060 sqft
- Baths : 2 full
Listing Agent
Re/max Four Corners
Listing Agent's Description
Beautiful home nestled on it's own acre. Many upgrades including an oversized 3 car garage with private attic access, board on board fence with new automatic solar powered gate, new 224sf storage building, new roof in 2019, both inside and outside recently repainted, and HVAC system replaced two years ago. Inside home you are greeted with gorgeous crown molding, rich wood floors, corian counters, two walk in closets in the Master, and so much more. Don't wait. Schedule your appointment today.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Royal Park Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Royal Park Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$568 | |
| Property Insurance | -$146 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$137
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$339,900
PROJECTED PRICE
$1,930
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$95,824
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
3.08
YEARS SAVED
$9,936
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,931
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
129 Royal Park Lane Waxahachie, TX 4
- 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,930
- $0.94
-
104 Comfort Court Waxahachie, TX 1
- 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2003
LEASED 10/30/19- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
114 Jennings Drive Waxahachie, TX 2
- 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2006
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,750
- $0.99
-
119 Tranquillity Lane Waxahachie, TX 3
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2005
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
710 Adams Street Waxahachie, TX 5
- 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2008
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
PROPERTY LISTING DETAILS
Re/max Four Corners
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478398
Last Updated: 12/19/2020
