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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $171.73
- 4 Days on Market
- MLS # : 14500808
- Updated Date : 02/06/2021 at 16:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,776 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arlington
Listing Agent's Description
This adorable home won’t last long in highly desired Graff Farms Community that's within walking distance to Stipes elementary. Once you step inside and see the freshly painted interior, new carpet, & lots of natural lighting, you will fall in love! Open living with vaulted ceilings, corner gas fireplace, split bedroom floorplan includes a flex space or home office. The main bedroom suite includes, walk-in shower, garden tub, plus dual sinks with a walk-in closet. Large open kitchen provides extra counter space & storage, high-quality cabinets, & SS appliances. Outside covered patio with surrounding flag stone pathway leads to a beautiful backyard perfect for entertaining with family and friends. Welcome 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: Graff Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Graff Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$674 | |
| Property Insurance | -$130 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$22
|
||
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.
$305,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 4.0% |
| 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
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
3.92
YEARS SAVED
$11,335
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,874
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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- $1,970
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3411 Autumn View Drive Grand Prairie, TX 1
- 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2002
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,695
- $1.06
-
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- 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2010
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,850
- $1.01
-
1442 Furlong Court Irving, TX 3
- 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2007
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,950
- $1.08
-
3030 Cross Timbers Drive Irving, TX 4
- 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 2006
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,950
- $1.07
PROPERTY LISTING DETAILS
Keller Williams Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14500808
Last Updated: 02/06/2021
