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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $93.97
- 2 Days on Market
- MLS # : 14485359
- Updated Date : 12/12/2020 at 07:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,953 sqft
- Baths : 2 full , 1 half
Listing Agent
Jp And Associates Realtors
Listing Agent's Description
Is your New Year resolution is to be an homeowner? Well look no further. This is one of largest home in this most sought out Glendover community. This home has so much to offer for the price that I can't name it all in this discrption, so make an appointment to tour. Come & walk upto this two story home that is beautiful landscape and enter into an atmosphere for charm. Family room open up to the efficiently designed kitchen with ample storage & counter space without the crowded feeling and making every square inch count. Wood flooring thru out. The oversize master retreat is a MUST SEE that is situate for privacy and have rome for your King or Queen size furniture.
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
Neighborhood: Glendover Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Glendover Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,024 |
| Property Tax | -$706 | |
| Property Insurance | -$198 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$51
|
||
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.
$277,500
PROJECTED PRICE
$2,090
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.3% |
| 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
$79,288
LOAN DETAILS
$1,024
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,375 |
| Loan Amount | $208,125 |
4.83
YEARS SAVED
$16,352
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,195
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
1424 Prairie Drive Lancaster, TX 2
- 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $2,090
- $0.71
-
606 Chapman Drive Lancaster, TX 1
- 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 2007
![property image]()
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,850
- $0.69
-
2608 Saint Andrews Drive Lancaster, TX 3
- 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2002
![property image]()
LEASED 09/17/20- Rent
- Rent Per SQFT
- $2,100
- $0.78
-
834 Smokey Oak Street Lancaster, TX 4
- 5 beds 4 baths ∙ 3,010 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,010 Sqft ∙ Built 2006
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,275
- $0.76
PROPERTY LISTING DETAILS
Jp And Associates Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485359
Last Updated: 12/12/2020
