Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $176.14
- 3 Days on Market
- MLS # : 14467316
- Updated Date : 11/07/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,249 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Nice single story home on corner lot with trees, nice landscaped yard, extended covered flagstone patio with metal roof and shades, hot tub (gazebo with TV) 20x09 storage shed, and extra side parking. Split bedrooms, new granite counters, backsplash, garbage disposal, sink, plumbing under sink. Within the last 2 years new roof, wood floors, and stainless appliances. HVAC and water heater good condition (8-2020 HVAC serviced and yearly on water heater). Attic storage.
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: 76078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$812 |
| Property Tax | -$400 | |
| Property Insurance | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$80
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$220,000
PROJECTED PRICE
$1,330
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
3.25
YEARS SAVED
$7,039
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,386
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
136 Kensington Court Rhome, TX 3
- 3 beds 2 baths ∙ 1,249 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,249 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,330
- $1.06
-
255 Oak Court Rhome, TX 1
- 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 1985
LEASED 08/14/19- Rent
- Rent Per SQFT
- $1,300
- $1.09
-
221 Redbud Street Rhome, TX 2
- 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,190 Sqft ∙ Built 1983
LEASED 08/19/20- Rent
- Rent Per SQFT
- $1,300
- $1.09
-
501 Troxell Rhome, TX 4
- 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 2005
LEASED 08/22/20- Rent
- Rent Per SQFT
- $1,450
- $1.20
-
212 Saint James Court Rhome, TX 5
- 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2002
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,600
- $1.06
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14467316
Last Updated: 11/07/2020
