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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $163.29
- 2 Days on Market
- MLS # : 14491561
- Updated Date : 01/02/2021 at 04:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,797 sqft
- Baths : 3 full , 1 half
Listing Agent
Jp & Associates Uptown
Listing Agent's Description
Exquisite home in highly sought after Stoneleigh Subdivision! Enter into the grand foyer with staircase flanked by beautiful dining & study on either side. Kitchen designed from Southern Living! Commercial style cooktop, stainless appliances, Granite countertops with large island with extra seating and open kitchen to living. Master Suite offers privacy and elegant bath! Second Master Suite with private bath on 1st floor. Built-ins throughout. Spacious 2nd floor with gameroom and media room! Beautiful backyard oasis with pool, large yard and wrought iron fence. Plenty of parking - 3 car garage. Close proximity to the wonderful schools of Heath. You will love Heath living! New survey to be purchased by buyer!
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Stoneleigh
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoneleigh
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,690 |
| EXPENSES | Loan Payment | -$2,288 |
| Property Tax | -$1,110 | |
| Property Insurance | -$247 | |
| HOA | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$110
|
||
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.
$620,000
PROJECTED PRICE
$3,690
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.4% |
| 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
$170,050
LOAN DETAILS
$2,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $155,000 |
| Loan Amount | $465,000 |
3.67
YEARS SAVED
$26,415
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,690
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$3,341
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
144 Stoneleigh Drive Heath, TX 2
- 4 beds 4 baths ∙ 3,797 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,797 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $3,690
- $0.97
-
253 Mockingbird Lane Heath, TX 1
- 3 beds 4 baths ∙ 3,959 Sqft ∙ Built 2012 3 beds 4 baths ∙ 3,959 Sqft ∙ Built 2012
![property image]()
LEASED 11/08/19- Rent
- Rent Per SQFT
- $3,500
- $0.88
PROPERTY LISTING DETAILS
Jp & Associates Uptown
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491561
Last Updated: 01/02/2021
