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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $112.74
- 2 Days on Market
- MLS # : 14474879
- Updated Date : 12/04/2020 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,660 sqft
- Baths : 2 full , 1 half
Listing Agent
All City Real Estate, Ltd. Co
Listing Agent's Description
This home is beautifully renovated! NEW interior paint! NEW laminate flrs throughout the 1st flr! NEW granite counters & backsplash! NEWLY painted cabinets! This 4 bed, 2.5 bath, 2 car garage home is truly move in ready! The master bed on the 1st flr has a great view to the back yard. NEW carpet in all bedrms & the HUGE 2nd flr game room. The kitchen has plenty of counter space for cooking & an awesome island for entertaining! 3 beds, a game room, & a full bath make the 2nd flr perfect for that large family. Large walk in closets in all the bedrooms add plenty of storage. The back yard is very large with plenty of room to play, entertain, or just relax. Schedule an appointment today to see this wonderful home.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Rolling Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rolling Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$687 | |
| Property Insurance | -$181 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$103
|
||
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.
$299,900
PROJECTED PRICE
$2,000
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.3% |
| 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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
2.58
YEARS SAVED
$7,684
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,214
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
13233 Alyssum Drive Fort Worth, TX 1
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- $2,000
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13128 Larks View Point Fort Worth, TX 2
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LEASED 07/10/20- Rent
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- $2,099
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13245 Palancar Drive Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2014
LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,150
- $0.85
-
13152 Palancar Drive Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2014
LEASED 09/10/20- Rent
- Rent Per SQFT
- $2,195
- $0.83
-
4525 Sleepy Meadows Drive Fort Worth, TX 5
- 5 beds 3 baths ∙ 2,716 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,716 Sqft ∙ Built 2007
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,199
- $0.81
PROPERTY LISTING DETAILS
All City Real Estate, Ltd. Co
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474879
Last Updated: 12/04/2020
