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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $113.51
- 8 Days on Market
- MLS # : 14475847
- Updated Date : 11/22/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,717 sqft
- Baths : 2 full
Listing Agent
Tarpley, Realtors
Listing Agent's Description
The cozy covered patio welcomes you to this 3 bedroom 2 bath home ready for new owners. Features include split bedrooms, open living, kitchen with lots of cabinets and breakfast bar. The master bedroom has a large tiled shower and walk in closet. Roof is only 2 years old and the property has a brand new privacy fence. Check out all the possibilities! Information is deemed reliable, but is not guaranteed and should be verified by the buyer's agent. Buyer should verify any measurements and any tax exemptions, schools and other matters of interest.
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: 75402
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75402
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$719 |
| Property Tax | -$438 | |
| Property Insurance | -$126 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$119
|
||
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.
$194,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$57,399
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,725 |
| Loan Amount | $146,175 |
7.33
YEARS SAVED
$20,466
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,502
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
1412 Reiger Drive Greenville, TX 5
- 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,510
- $0.88
-
1410 Reiger Drive Greenville, TX 1
- 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 2006
![property image]()
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,450
- $0.84
-
6502 Rienzi Drive Greenville, TX 2
- 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2016
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
6504 Rienzi Drive Greenville, TX 3
- 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2016
![property image]()
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,495
- $0.84
-
6504 Ashland Drive Greenville, TX 4
- 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2016
![property image]()
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,500
- $0.90
PROPERTY LISTING DETAILS
Tarpley, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475847
Last Updated: 11/22/2020
