Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $139.48
- 2 Days on Market
- MLS # : 14518772
- Updated Date : 02/20/2021 at 18:06
CONSTRUCTION
- Beds : 4
- Floor Size : 2,115 sqft
- Baths : 3 full
Listing Agent
Phillips Realty Group & Assoc
Listing Agent's Description
Professional pictures will be uploaded on Sunday. Imagine soaking in the morning sun off the front balcony and enjoying a cup of coffee. This particular home is situated in a truly great location being less than 2 streets away from 2 of the closest community parks. You are less than 5 minutes away from the 20,000SF amenity center featuring a 20' water slide, sand volleyball, full court covered and lit basketball, 4 tennis courts, movie theatre, and 5 catch and release ponds and so much more!
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: Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$671 | |
| Property Insurance | -$149 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$15
|
||
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.
$295,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.5% |
| 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
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
3.67
YEARS SAVED
$10,610
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,157
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
1428 Bull Street Aubrey, TX 3
- 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,000
- $0.95
-
1721 Ridge Creek Lane Aubrey, TX 1
- 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2016
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,950
- $0.97
-
1913 Ridge Creek Lane Aubrey, TX 2
- 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 2018
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,950
- $1.01
-
1821 Ridge Creek Lane Aubrey, TX 4
- 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2016
LEASED 12/20/20- Rent
- Rent Per SQFT
- $2,050
- $1.00
-
1533 Summit View Lane Little Elm, TX 5
- 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2019
LEASED 11/02/20- Rent
- Rent Per SQFT
- $2,250
- $1.10
PROPERTY LISTING DETAILS
Phillips Realty Group & Assoc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518772
Last Updated: 02/20/2021
