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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $137.84
- 2 Days on Market
- MLS # : 14488305
- Updated Date : 12/19/2020 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,648 sqft
- Baths : 3 full
Listing Agent
Allie Beth Allman & Associates
Listing Agent's Description
This beautiful home is located in the sought-after master planned community of Canyon Falls with open spaces, miles of trails, clubhouse, pools, pooch park, fitness center, ponds and more! The chef inspired kitchen boasts stainless appliances, 5 burner gas range, massive quartz island, decorative lighting and walk-in pantry. The cozy living area features a corner, stone gas fireplace. Entertaining in the dining room is a breeze but can also be used as a formal office. The large downstairs master has a spa-like bath and walk-in closet. Upstairs is a game room, bedroom, and full bath. Don't forget the large utility, designer mud room, and study nook which is perfect as a home office, or at home learning center.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Canyon Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,670 |
| EXPENSES | Loan Payment | -$1,347 |
| Property Tax | -$856 | |
| Property Insurance | -$180 | |
| HOA | -$208 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$20
|
||
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.
$365,000
PROJECTED PRICE
$2,670
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.6% |
| 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
$102,475
LOAN DETAILS
$1,347
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
3.67
YEARS SAVED
$15,092
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,694
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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- $2,800
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-
11417 Winecup Road Flower Mound, TX 4
- 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2014
LEASED 08/05/20- Rent
- Rent Per SQFT
- $2,800
- $1.04
-
6133 Whiskerbrush Road Flower Mound, TX 5
- 4 beds 4 baths ∙ 2,732 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,732 Sqft ∙ Built 2017
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,800
- $1.02
PROPERTY LISTING DETAILS
Allie Beth Allman & Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488305
Last Updated: 12/19/2020
