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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $170.28
- 6 Days on Market
- MLS # : 14515795
- Updated Date : 02/11/2021 at 10:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,615 sqft
- Baths : 2 full
Listing Agent
Keller Williams Frisco Stars
Listing Agent's Description
Beautiful home on corner lot in highly sought Sunset Pointe! Completely renovated with open floor plan, wide plank wood flooring throughout. Gorgeous kitchen with quartz counters, stainless steel appliances, farm sink and walk in pantry. Spacious owner suite features updated quartz counters, garden tub, frameless glass shower and walk in closet. Huge backyard is ready for your ideas - pool, deck, extended patio, or even to start a garden! Great neighborhood amenities including private ponds, pools and parks. Prime location within walking distance to Lake Lewisville, and near anything you could need with shopping, dining and entertainment! Just minutes from several golf clubs, and upcoming PGA headquarters!
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Sunset Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunset Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$576 | |
| Property Insurance | -$121 | |
| HOA | -$51 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$122
|
||
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.
$275,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.4% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
2.25
YEARS SAVED
$4,420
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,688
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
1472 Waterford Drive Little Elm, TX 2
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,680
- $1.04
-
1508 Breeze Lane Little Elm, TX 1
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2005
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,650
- $1.02
-
1448 Puerto Lago Drive Little Elm, TX 3
- 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2011
LEASED 03/14/20- Rent
- Rent Per SQFT
- $1,700
- $1.10
-
1473 Waterford Drive Little Elm, TX 4
- 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,784 Sqft ∙ Built 2005
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,750
- $0.98
-
1465 Water Lily Drive Little Elm, TX 5
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2005
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,750
- $1.08
PROPERTY LISTING DETAILS
Keller Williams Frisco Stars
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14515795
Last Updated: 02/11/2021
