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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $173.77
- 2 Days on Market
- MLS # : 14492743
- Updated Date : 01/02/2021 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,158 sqft
- Baths : 2 full
Listing Agent
Dfw Legacy Group
Listing Agent's Description
Beautiful single story home, only 1 year old & ready for new owners! Luxury vinyl flooring in all living areas, ceramic tile in bathrooms & carpet in bedrooms; kitchen offers large island w breakfast bar, granite counters, double oven, built in microwave w vent, & gas stove. From the entry of the home to the backyard, this open concept floor plan is perfect for entertaining! The inviting foyer leads to the convenient home office & flows effortlessly into the open kitchen, dining & living area. Community is golf cart friendly w easy access to highways & close to OT Roanoke & Hawaiian Falls; offers several stocks ponds for fishing, walking trails, 2 community pools, playground & planned activities w the HOA!
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: Seventeen Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seventeen Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$676 | |
| Property Insurance | -$152 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$39
|
||
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.
$375,000
PROJECTED PRICE
$2,410
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.2% |
| 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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
5.33
YEARS SAVED
$24,806
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,390
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
14540 Frog Lake Drive Fort Worth, TX 4
- 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 2019
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- Rent Per SQFT
- $2,410
- $1.12
-
3936 Eaglerun Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2006
LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,100
- $1.07
-
15404 Pioneer Bluff Trail Fort Worth, TX 2
- 3 beds 2 baths ∙ 2,085 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,085 Sqft ∙ Built 2016
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,300
- $1.10
-
14305 Tupper Trail Fort Worth, TX 3
- 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2019
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.13
-
14700 Cedar Flat Way Roanoke, TX 5
- 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 2016
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,650
- $1.13
PROPERTY LISTING DETAILS
Dfw Legacy Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492743
Last Updated: 01/02/2021
