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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $152.55
- 3 Days on Market
- MLS # : 14478585
- Updated Date : 12/05/2020 at 07:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,606 sqft
- Baths : 2 full
Listing Agent
Fathom Realty
Listing Agent's Description
Open House Sat 12.5 11am to 1pm and Sun 12.6 2pm to 4pm. Beautiful well-maintained 1 owner home in the heart of Little Elm. As you enter, you will find an open living space with a large eat-in kitchen with a breakfast bar overlooking the family room. This layout is ideal for entertaining friends and family. The owners suite is tucked in for absolute privacy, offers a large walk-in closet and a spacious bathroom with separate shower and tub combo. The 2 secondary bedrooms are spacious with lots of closet storage. The large backyard is ideal for relaxing and entertaining. The shed stays with the property. Ideally located near shoppings, restaurants and easy access to Highways while maintaining a small town feel.
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Neighborhood: Sunset Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunset Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$514 | |
| Property Insurance | -$120 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$106
|
||
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.
$245,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.4% |
| 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
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
2.42
YEARS SAVED
$5,476
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,714
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
1413 Puerto Lago Drive Little Elm, TX 1
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,580
- $0.98
-
1448 Puerto Lago Drive Little Elm, TX 2
- 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2011
LEASED 03/14/20- Rent
- Rent Per SQFT
- $1,700
- $1.10
-
1473 Waterford Drive Little Elm, TX 3
- 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 2005
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,750
- $0.98
-
1465 Water Lily Drive Little Elm, TX 4
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2005
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,750
- $1.08
-
1424 Whitewater Drive Little Elm, TX 5
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,785
- $1.11
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478585
Last Updated: 12/05/2020
