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14705 Lost Wagon Street New Fairview, TX 76247

4 Beds 3 Baths 2,811 sqft Built 2020

$509,950

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $181.41
  • 3 Days on Market
  • MLS # : 14541318
  • Updated Date : 03/26/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,811 sqft
  • Baths : 2 full , 1 half
Listing Agent

Karen Smith, Inc.

Listing Agent's Description

A gem of a house! Beautiful home only lived in a few months and looks brand new! This house is light, bright and open with lots of big windows. There are 2 huge living areas that open into one another but are separate for different simultaneous activities. Dramatic high ceilings accent the family room and large open kitchen with oversize marble topped island, and lots of cabinets. There is tons of storage space. Elegant and private master suite. 3 car garages, and large fenced backyard with covered patio. This home offers elegant and comfortable living for the whole family. (Room measurements are taken from the plans and may vary a little bit.)

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 76247

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76247

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10532171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$458,955$560,945$509,950

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,771
Property Tax -$1,063
Property Insurance -$190
HOA -$42
Property Management Fees -$99
CASH FLOW
-$814

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$509,950

PROJECTED PRICE

$2,350

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,137

INVESTMENT

$137,137

Down Payment
$127,488
Rehab Estimate
$2,000
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,488
Loan Amount $382,463
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$3

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,350

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,361

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,350
$2,350
RENT COMPS ANALYSIS
  • 14705 Lost Wagon Street New Fairview, TX 2
    • 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
  • 15009 Lost Wagon Street New Fairview, TX 1
    • 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2020
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
PROPERTY LISTING DETAILS
Karen Smith
Karen Smith, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541318
Last Updated: 03/26/2021
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