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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $144.95
- 3 Days on Market
- MLS # : 14512621
- Updated Date : 02/05/2021 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,000 sqft
- Baths : 2 full
Listing Agent
Trinity Realty
Listing Agent's Description
Discover what homes are truly made of as you enter this immaculately maintained abode! Designed with the family in mind, this house flows seamlessly with it's open style floor-plan from the gourmet kitchen into the massive family room that surrounds a designer style entertainment center & wood burning fireplace, perfect for those family movie nights! 4 spacious bedrooms & 2 luxury baths, with a master ensuite that will stop you in your tracks! Resort style shower with a rain head shower system & jetted tub, perfect place to relax after a long day. Master bedroom leads to the backyard that's made for entertaining, equipped with a hot tub & a man cave. All you could have hoped for rolled into one dreamy property!
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
Zip Code: 76234
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76234
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$599 | |
| Property Insurance | -$143 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$37
|
||
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.
$289,900
PROJECTED PRICE
$1,810
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.6% |
| 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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
3.67
YEARS SAVED
$10,177
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,080
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
1409 Rodden Drive Decatur, TX 1
- 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,810
- $0.91
-
316 College Court Decatur, TX 2
- 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2017
LEASED 12/07/20- Rent
- Rent Per SQFT
- $2,000
- $1.12
-
2924 Josie Drive Decatur, TX 3
- 3 beds 2 baths ∙ 2,287 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,287 Sqft ∙ Built 2019
LEASED 08/15/19- Rent
- Rent Per SQFT
- $2,200
- $0.96
PROPERTY LISTING DETAILS
Trinity Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512621
Last Updated: 02/05/2021
