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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $243.10
- 6 Days on Market
- MLS # : 14433609
- Updated Date : 12/08/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,081 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Home for the holidays! Rare ONE STORY Darling 4 bedroom with 3.1 bathrooms in highly coveted Newman Village. Tall ceilings and solid hardwood floors throughout. Private study with french doors, media room to watch all the holiday movies or could be converted into a formal dining. Secondary bedroom at the front with en suite bathroom perfect for guests. Wide open kitchen with large island, granite countertops and stainless steel appliances. Cozy fireplace for those cold nights. Large living room with gorgeous wood beams and vaulted ceilings. Spacious master suite with spa-like master bathroom, large closet that leads into the laundry room. Nice sized backyard is ready for a pool or perfect for the kids to run.
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
Neighborhood: Newman Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Newman Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,400 |
| EXPENSES | Loan Payment | -$2,763 |
| Property Tax | -$1,318 | |
| Property Insurance | -$205 | |
| HOA | -$171 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,157
|
||
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.
$749,000
PROJECTED PRICE
$3,400
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 1.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$204,235
LOAN DETAILS
$2,763
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,250 |
| Loan Amount | $561,750 |
0.17
YEARS SAVED
$88
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,400
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,719
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $3,400
- $1.10
-
2805 Mcgregor Drive Frisco, TX 1
- 4 beds 3 baths ∙ 3,096 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,096 Sqft ∙ Built 2010
LEASED 09/12/19- Rent
- Rent Per SQFT
- $2,600
- $0.84
-
2172 Poppyvine Road Frisco, TX 2
- 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2019
LEASED 06/12/20- Rent
- Rent Per SQFT
- $2,750
- $0.93
-
12059 Bryant Drive Frisco, TX 3
- 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2010
LEASED 11/26/19- Rent
- Rent Per SQFT
- $2,850
- $0.86
-
3042 Appalachian Lane Frisco, TX 4
- 4 beds 6 baths ∙ 3,323 Sqft ∙ Built 2013 4 beds 6 baths ∙ 3,323 Sqft ∙ Built 2013
LEASED 05/27/20- Rent
- Rent Per SQFT
- $3,000
- $0.90
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14433609
Last Updated: 12/08/2020
