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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $146.33
- 2 Days on Market
- MLS # : 14526882
- Updated Date : 03/06/2021 at 16:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,565 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
Beautiful Home in Lakeview Estates Complete with 3 Bedrooms, 2 Baths and a 2 Car Garage. Upon Entry You are Welcomed Into The Entry Hall That Leads You to The Generously Sized Living Room. The Space is Anchored by a Cast Stone Wood Burning Fireplace and has Bright Views of the Back Yard. The Spacious Kitchen Features Stainless Steel Appliances, Granite Counters an Abundance of Cabinets and a Large Walk In Pantry. The Dining Area is a Great Space that is Open to the Living Area. The Master Suite Boasts Dual Sinks, Garden Tub, Walk In Shower & Large Closet. Secondary Bedrooms are Split for Privacy. Enjoy the Pool Sized Backyard from the Covered Back Patio. No HOA! Close Proximity to the Lake & Area Attractions.
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: 76020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$795 |
| Property Tax | -$498 | |
| Property Insurance | -$118 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$160
|
||
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.
$229,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$66,435
LOAN DETAILS
$795
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
7.67
YEARS SAVED
$22,556
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,682
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
1316 Surfside Drive Pelican Bay, TX 4
- 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,670
- $1.07
-
121 Dennis Drive Azle, TX 1
- 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2019
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,550
- $1.07
-
720 Kriston Drive Azle, TX 2
- 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 2007
LEASED 09/24/20- Rent
- Rent Per SQFT
- $1,600
- $1.03
-
776 Hunter Drive Azle, TX 3
- 4 beds 3 baths ∙ 1,618 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,618 Sqft ∙ Built 2003
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,660
- $1.03
-
1328 E Surfside Drive Azle, TX 5
- 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2018
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,700
- $1.17
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14526882
Last Updated: 03/06/2021
