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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $122.45
- 3 Days on Market
- MLS # : 14466398
- Updated Date : 11/06/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,940 sqft
- Baths : 3 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
1.5 STORY ON ALMOST .5 ACRE LOT IN BEAUTIFUL MURPHY, TX! This 4 bedroom plan offers 3 full baths, study and only room upstairs is a large game room. The kitchen features walk-in pantry, island and gas cooktop and overlooks the spacious living area with beautiful fireplace and views of the backyard. Private backyard is great for entertaining. The Ranch neighborhood boasts over-sized lots with front approach, side-entry driveways and no alleys! Murphy is ranked in the top 10 safest cities to live in Texas! Located within the A+ rated Wylie ISD.
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: The Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$627 | |
| Property Insurance | -$143 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$327
|
||
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.
$360,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.8% |
| 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
$101,150
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
1.08
YEARS SAVED
$1,948
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,001
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
1308 Ranger Road Murphy, TX 4
- 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,900
- $0.95
-
509 Comanche Trail Murphy, TX 1
- 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2002
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
-
355 Montana Trail Murphy, TX 2
- 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2005
LEASED 12/13/19- Rent
- Rent Per SQFT
- $1,900
- $1.00
-
1305 Rodeo Drive Murphy, TX 3
- 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2004
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,900
- $1.00
-
1211 Rodeo Drive Murphy, TX 5
- 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2003
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,000
- $1.00
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14466398
Last Updated: 11/06/2020
