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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $215.85
- 6 Days on Market
- MLS # : 14462227
- Updated Date : 12/03/2020 at 09:55
CONSTRUCTION
- Beds : 3
- Floor Size : 2,038 sqft
- Baths : 2 full , 1 half
Listing Agent
Dave Perry Miller Real Estate
Listing Agent's Description
Property will be active Dec 1. LIVE HERE! Secluded Addison oasis with serene gardens, stone patio and yard for pets. Classic styled home offers 3 bedrms and 2 ½ baths. Elegant wood floors grace living, dining, kitchen and nook. Living w gas fireplace opens to patio for must-have entertaining. Sunny upgraded kitchen boasts granite counter tops and stainless steel appliances. Spacious master suite offers reading nook, modern master bath, a perfect retreat. Light filled home accented with custom plantation shutters. Enjoy lifetime membership to Addison Athletic Club in this coveted community w small-town feel. No more than 25 minutes from DFW, Love Field, Uptown, Legacy West, The Star, Nebraska Furniture & More!
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Addison
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Addison
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,530 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$960 | |
| Property Insurance | -$145 | |
| HOA | -$74 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$371
|
||
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.
$439,900
PROJECTED PRICE
$2,530
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.4% |
| 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
$122,324
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,975 |
| Loan Amount | $329,925 |
1
YEARS SAVED
$2,346
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,530
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$2,522
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
14608 Dove Court Addison, TX 4
- 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,530
- $1.24
-
4102 Rush Circle Addison, TX 1
- 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1980
LEASED 06/04/20- Rent
- Rent Per SQFT
- $2,395
- $1.27
-
3812 Waterford Drive Addison, TX 2
- 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 1993
LEASED 11/24/20- Rent
- Rent Per SQFT
- $2,395
- $1.15
-
3777 Meadowcreek Circle Addison, TX 3
- 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1993
LEASED 02/11/20- Rent
- Rent Per SQFT
- $2,500
- $1.28
-
4062 Bishop Lane Farmers Branch, TX 5
- 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2012
LEASED 03/20/20- Rent
- Rent Per SQFT
- $2,625
- $1.25
PROPERTY LISTING DETAILS
Dave Perry Miller Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14462227
Last Updated: 12/03/2020
