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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $165.06
- 4 Days on Market
- MLS # : 14474106
- Updated Date : 11/19/2020 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,969 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
Bring your picky Buyers, they will not be disappointed. Kitchen is remodeled to perfection & would make Joanna Gaines proud! Remodel includes Quartz countertops, custom cabinets with some pull outs & soft close, tile bk splsh, island, Stainless applcs include double ovens with micro-convection on top & cute floating shelving U have got to see. Walls have been moved to give open concept everyone wants in Kitchen-dining-family rm. Updated LVP wood flooring, gas start FP & updated lighting round out space. Flexibility includes a front office & room off master that could be 2nd office or your choice. Master features double sinks, sep shower-tub & custom closet systems in 1 of 2 master closets. Hurry it won't last!
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: Ridge Gate Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ridge Gate Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$553 | |
| Property Insurance | -$141 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$132
|
||
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.
$325,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.5% |
| 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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
3
YEARS SAVED
$9,421
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,939
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
1460 Ridge Meadow Drive Plano, TX 2
- 3 beds 2 baths ∙ 1,969 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,969 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,860
- $0.94
-
4200 San Saba Court Plano, TX 1
- 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1978
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,775
- $0.99
-
3924 Coronado Drive Plano, TX 3
- 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1984
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,870
- $0.97
-
1528 Estrella Drive Plano, TX 4
- 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1985
LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,895
- $0.95
-
4036 Coronado Drive Plano, TX 5
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1987
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,900
- $1.03
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474106
Last Updated: 11/19/2020
