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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $194.00
- 2 Days on Market
- MLS # : 14508042
- Updated Date : 02/06/2021 at 06:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,603 sqft
- Baths : 4 full
Listing Agent
Stepstone Realty, Llc
Listing Agent's Description
Stunning Southgate home with park view in The Grove! Modern, clean lines and tons of upgrades! White cabinets, large island overlooking family room, gorgeous wide-plank white oak floors and extra plush carpeting, luxurious master bath with pass-thru shower and free-standing tub, Tesla charging outlet and epoxy floors in garage. Office, media room, master and secondary bedroom on main level. Spacious game room, two bedrooms, and two baths on second level. Enjoy entertaining on the large covered patio or walk to the hammock park, pool, Swirl Cafe, etc.
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
Zip Code: 75035
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75035
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,670 |
| EXPENSES | Loan Payment | -$2,428 |
| Property Tax | -$1,386 | |
| Property Insurance | -$235 | |
| HOA | -$180 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$658
|
||
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.
$699,000
PROJECTED PRICE
$3,670
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.9% |
| 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
$190,985
LOAN DETAILS
$2,428
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
0.5
YEARS SAVED
$1,190
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,670
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$3,351
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
15198 Sassafras Road Frisco, TX 5
- 4 beds 4 baths ∙ 3,603 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,603 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $3,670
- $1.02
-
8708 Tutbury Place Mckinney, TX 1
- 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 2017
LEASED 09/10/20- Rent
- Rent Per SQFT
- $3,000
- $0.87
-
8712 Fairway Lane Mckinney, TX 2
- 5 beds 4 baths ∙ 3,444 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,444 Sqft ∙ Built 2019
LEASED 03/24/20- Rent
- Rent Per SQFT
- $3,100
- $0.90
-
14786 Crystal Beach Lane Frisco, TX 3
- 4 beds 4 baths ∙ 3,459 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,459 Sqft ∙ Built 2015
LEASED 08/07/20- Rent
- Rent Per SQFT
- $3,200
- $0.93
-
14841 Germantown Lane Frisco, TX 4
- 4 beds 4 baths ∙ 3,429 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,429 Sqft ∙ Built 2016
LEASED 06/23/20- Rent
- Rent Per SQFT
- $3,495
- $1.02
PROPERTY LISTING DETAILS
Stepstone Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14508042
Last Updated: 02/06/2021
