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
- Single Family
- Built In 2017
- Price/Sqft : $180.40
- 2 Days on Market
- MLS # : 14509780
- Updated Date : 01/30/2021 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,387 sqft
- Baths : 4 full , 1 half
Listing Agent
Ready Real Estate Llc
Listing Agent's Description
This amazing HIGHLAND home has multiple upgrade options available and on a premium lot. Want a 3-car garage, an extended master and outdoor living, media room and risers? You got it. How about up to $12,000 in buyer incentive closing costs? You got it. Powder bath and a secondary bedroom with it's own private bath. Upgraded cabinets, Patio gas line, Level 3 countertops, upgraded backsplash and GAME ROOM. This HOME is located in the heart of Walsh and adjacent to founders park where community events take place and walking distance to amenities where food trucks and coffee, ice cream socials take place. Tenants in home and available End of March-April move in.
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: 76008
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76008
* 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 | $3,170 |
| EXPENSES | Loan Payment | -$2,122 |
| Property Tax | -$1,368 | |
| Property Insurance | -$223 | |
| HOA | -$208 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$851
|
||
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.
$611,000
PROJECTED PRICE
$3,170
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.5% |
| 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
$167,665
LOAN DETAILS
$2,122
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $152,750 |
| Loan Amount | $458,250 |
0
YEARS SAVED
$9
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,170
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$4,234
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
-
13725 Green Hook Road Aledo, TX 1
- 4 beds 5 baths ∙ 3,387 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,387 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $3,170
- $0.94
-
1908 Shumard Way Aledo, TX 2
- 4 beds 4 baths ∙ 3,598 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,598 Sqft ∙ Built 2018
LEASED 09/17/20- Rent
- Rent Per SQFT
- $4,500
- $1.25
PROPERTY LISTING DETAILS
Ready Real Estate Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509780
Last Updated: 01/30/2021
