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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $110.22
- 4 Days on Market
- MLS # : 14473234
- Updated Date : 11/19/2020 at 16:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,356 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
UPDATED & SPACIOUS. Fantastic floorplan features flex spaces for your family’s changing needs. Combo formals. Study (could be BR5!) Wonderful great room – open kitchen-breakfast-family room! The kitchen offers granite counters and storage galore! The downstairs owners retreat features a totally renovated bathroom with dual sinks, gorgeous quartz counters, and a custom closet. Upstairs offers 3 spacious bedrooms and a H*U*G*E gameroom. You’ll love the wood-look tile floors throughout the downstairs. Relax and enjoy with your friends and family in the private backyard. Walk to award-winning Huffines MS. Easy access to DFW Intl Airport & all major highways offers an efficient commute anywhere in DFW. See it today!
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
Neighborhood: Park Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Park Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$638 | |
| Property Insurance | -$221 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$87
|
||
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.
$369,900
PROJECTED PRICE
$2,410
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| 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
$103,774
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
5.92
YEARS SAVED
$29,335
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$2,542
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
1379 Edmonton Drive Lewisville, TX 3
- 5 beds 3 baths ∙ 3,356 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,356 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,410
- $0.72
-
1517 Waterford Drive Lewisville, TX 1
- 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 1991
LEASED 11/22/19- Rent
- Rent Per SQFT
- $2,295
- $0.76
-
1217 Ottawa Lane Lewisville, TX 2
- 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1997
LEASED 02/03/20- Rent
- Rent Per SQFT
- $2,295
- $0.76
-
1367 Emonton Drive Lewisville, TX 4
- 4 beds 4 baths ∙ 3,457 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,457 Sqft ∙ Built 1993
LEASED 02/02/20- Rent
- Rent Per SQFT
- $2,550
- $0.74
-
1260 Winnipeg Drive Lewisville, TX 5
- 4 beds 3 baths ∙ 3,492 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,492 Sqft ∙ Built 1996
LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,699
- $0.77
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473234
Last Updated: 11/19/2020
