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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $200.22
- 2 Days on Market
- MLS # : 14460787
- Updated Date : 11/21/2020 at 08:26
CONSTRUCTION
- Beds : 3
- Floor Size : 2,225 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
Welcome to Midlothian's newest and prestigious LOCK AND LEAVE community! Enjoy the BEAUTIFUL CLUBHOUSE AND GORGEOUS POOL in this new neighborhood that is right in town! Get to know all your neighbors in this COZY community with rear-entry garage and alley. Custom home built by LIN TYLER CUSTOM HOMES will know your socks off! Detailed out to the max enjoy all your comforts of home in this beautiful home with three bedrooms and roomy living area. Enjoy entertaining with the HUGE KITCHEN AND ISLAND and who wants to take care of a yard when there's so much else to do? HOA takes care of it all. Enjoy LIFE WITHOUT THE HASSLE! This home available in FEB 2021, still time to customize! Beautiful treeline lot.
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
Zip Code: 76065
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76065
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,644 |
| Property Tax | -$972 | |
| Property Insurance | -$156 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$921
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$445,500
PROJECTED PRICE
$2,050
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 3.00% |
| 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
$120,058
LOAN DETAILS
$1,644
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $111,375 |
| Loan Amount | $334,125 |
-0.17
YEARS SAVED
-$45
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,097
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
1437 Ethan Circle Midlothian, TX 2
- 3 beds 2 baths ∙ 2,225 Sqft ∙ Built 2021 3 beds 2 baths ∙ 2,225 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,050
- $0.92
-
709 Elk Horn Drive Midlothian, TX 1
- 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2005
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,795
- $0.91
-
3202 Meadow Ridge Drive Midlothian, TX 3
- 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2014
LEASED 06/04/20- Rent
- Rent Per SQFT
- $2,095
- $0.97
-
2209 Goose Down Court Midlothian, TX 4
- 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 2004
LEASED 11/10/20- Rent
- Rent Per SQFT
- $2,096
- $0.90
-
4413 Dandelion Lane Midlothian, TX 5
- 4 beds 2 baths ∙ 2,524 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,524 Sqft ∙ Built 2020
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,500
- $0.99
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14460787
Last Updated: 11/21/2020
