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PROPERTY INFO
FACTS
- Built In 2021
- Price/Sqft : $146.78
- 6 Days on Market
- MLS # : 14464473
- Updated Date : 11/03/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,090 sqft
- Baths : 2 full
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14464473 - Built by Ameritex Homes - January completion! ~ 3 bedrooms; 2 bathrooms; two motion exterior floodlights; low E insulated glass windows with screens; weather stripping on all exterior doors; smooth two square 6ft interior doors; 3.25 in baseboard moulding; 30in flat panel kitchen cabinets; vinyl flooring; 50-gallon electric water heater; programmable smart thermostat; keyless smart locks; granite countertops; microwave; electric range; energy-efficient dishwasher; refrigerator; 50-50 stainless steel kitchen sink. **Photos and 3D tour may be representative of the house plan, but not actual photos of the 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: 75020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$590 |
| Property Tax | -$367 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$27
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$159,990
PROJECTED PRICE
$1,170
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 9.5% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.00% |
| 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
$44,397
LOAN DETAILS
$590
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $39,998 |
| Loan Amount | $119,993 |
3.92
YEARS SAVED
$6,751
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,172
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
1316 W Morgan Street Denison, TX 1
- 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,170
- $1.07
-
501 W Munson Street Denison, TX 2
- 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 2017
LEASED 10/29/20- Rent
- Rent Per SQFT
- $1,225
- $1.03
-
705 W Hull Street Denison, TX 3
- 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2017
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,275
- $1.09
-
731 W Morton Street Denison, TX 4
- 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,277 Sqft ∙ Built 2018
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,325
- $1.04
-
719 W Texas Street Denison, TX 5
- 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 2017
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,399
- $1.14
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14464473
Last Updated: 11/03/2020
