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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $190.19
- 3 Days on Market
- MLS # : 14512880
- Updated Date : 02/05/2021 at 04:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,049 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
SIMPLY GORGEOUS! Located in the wonderful golf course community of Lantana, this Highland one story is sure to catch your attention with all the specialties it has to offer. Plantation Shutters! Bay window in Master! Extended outdoor living with custom decking, perfect for grilling out on summer nights as the sun goes down. On top of that, backs to acreage property so the privacy belongs to you! Wet bar! Terrific home office, and then a second work office next to the master bedroom! Split bedroom arrangement allows everyone to spread out in their own space. Decked out media is perfect for entertaining, three car tandem, and so much more. Shows absolutely beautifully! Come see it SOON!
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: Lantana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lantana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,780 |
| EXPENSES | Loan Payment | -$2,014 |
| Property Tax | -$1,312 | |
| Property Insurance | -$203 | |
| HOA | -$121 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$970
|
||
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.
$579,900
PROJECTED PRICE
$2,780
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 4.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$159,424
LOAN DETAILS
$2,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $144,975 |
| Loan Amount | $434,925 |
0.08
YEARS SAVED
$28
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,780
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,797
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
1508 Trinidad Way Lantana, TX 1
- 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,780
- $0.91
-
540 Catherine Lane Lantana, TX 2
- 4 beds 4 baths ∙ 3,111 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,111 Sqft ∙ Built 2014
LEASED 02/19/20- Rent
- Rent Per SQFT
- $2,800
- $0.90
-
1328 Burnett Drive Lantana, TX 3
- 4 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,900
- $0.89
-
8740 Dayton Drive Lantana, TX 4
- 4 beds 4 baths ∙ 3,211 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,211 Sqft ∙ Built 2005
LEASED 07/28/20- Rent
- Rent Per SQFT
- $2,900
- $0.90
-
1660 Bonham Parkway Lantana, TX 5
- 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 2001
LEASED 09/18/20- Rent
- Rent Per SQFT
- $3,000
- $0.98
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512880
Last Updated: 02/05/2021
