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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $156.62
- 4 Days on Market
- MLS # : 14476687
- Updated Date : 11/26/2020 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,404 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
Amazing opportunity to get in this freshly updated home that's on one of Benbrooks most convenient streets with a greenbelt and low traffic! Owner frequently feeds the wildlife so expect to see deer and turkey as you lookout your backdoor. Recent upgrades include fresh interior paint, floors, granite countertops, sinks and fixtures, range oven, guest bathtub and surround, master shower, kitchen backsplash, door handles, and more! Great layout with kitchen, dining, and living room being open with high vaulted ceilings. Cozy up next to love ones with the wood burning fireplace. Great location with houses on this side of the street selling fast and there's still time to celebrate Christmas in this home!
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: Timber Creek Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Timber Creek Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$811 |
| Property Tax | -$474 | |
| Property Insurance | -$108 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$73
|
||
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.
$219,900
PROJECTED PRICE
$1,420
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.0% |
| 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
$64,024
LOAN DETAILS
$811
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
3.17
YEARS SAVED
$6,743
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,408
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
1413 Timbercrest Drive Benbrook, TX 1
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,420
- $1.01
-
917 Cottonwood Trail Benbrook, TX 2
- 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1983
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,445
- $1.00
-
1600 High Ridge Road Benbrook, TX 3
- 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1975
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,495
- $0.95
-
920 Arrow Wood Street Benbrook, TX 4
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1979
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,575
- $1.01
-
1701 Edge Hill Road Benbrook, TX 5
- 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1977
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,595
- $1.05
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476687
Last Updated: 11/26/2020
