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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $189.41
- 3 Days on Market
- MLS # : 14513089
- Updated Date : 02/06/2021 at 00:14
CONSTRUCTION
- Beds : 4
- Floor Size : 1,927 sqft
- Baths : 2 full
Listing Agent
Dfw Home
Listing Agent's Description
Walk in and be welcomed by designer stained concrete floors, open up to a spacious living with new Kronoswiss Laminate Wood Floor from Switzerland. Over $60K in energy saving ECO friendly upgrades: Pella window and life time warranty Andersen Windows, 2 speed HVAC 2017, Roof 2016 and new water heater. Drift off to sleep in the inviting master surrounded by Natural Linoleum floor tiles made of non-toxic Forbo Marmoleum, Earthing outlets, frameless shower. No VOC Clay paint in most rooms, balanced indoor humidity. Owner is an Architect & Building Biologist. Home is full of “Beyond Green” Natural Healthy Features & 10-year organic garden in BOB Fence. Close to 121 & 75, schools, park, Community Pool and shopping.
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: Glendover Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Glendover Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,920 |
EXPENSES | Loan Payment | -$1,268 |
Property Tax | -$703 | |
Property Insurance | -$139 | |
HOA | -$28 | |
Property Management Fees | -$99 | |
CASH FLOW
-$315
|
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.
$365,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 9.7% |
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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $91,250 |
Loan Amount | $273,750 |
0.83
YEARS SAVED
$1,289
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,004
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Dfw Home
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14513089
Last Updated: 02/06/2021