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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $149.25
- 2 Days on Market
- MLS # : 14500622
- Updated Date : 01/16/2021 at 13:26
CONSTRUCTION
- Beds : 3
- Floor Size : 2,546 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
Beautiful single story home in Mariah Bay! This 3 bed, 2.1 bath home + sunroom is spacious yet cozy. You will love the large family room with hardwood floors and brick fireplace. The kitchen offers plenty of counter space and lovely granite and overlooks the formal dining and breakfast room. Spacious master retreat with fireplace. The climate controlled sunroom offers more space to relax or would make a perfect workout room! Oversized garage is air-conditioned & heated. Outside you have a gated courtyard, and in back, a pergola and large yard! Great opportunity to live in Heath! Enjoy Lake Ray Hubbard & the fantastic restaurants and shops nearby, or hop on I30 for a quick commute! Schedule your showing today.
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: Mariah Bay
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mariah Bay
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,610 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$680 | |
| Property Insurance | -$174 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$337
|
||
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.
$380,000
PROJECTED PRICE
$2,610
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| 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
$106,450
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
9.25
YEARS SAVED
$48,400
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,610
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,622
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
1520 Bay Valley Circle Heath, TX 5
- 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,546 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $2,610
- $1.03
-
121 Sceptre Drive Rockwall, TX 1
- 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 1983
LEASED 06/18/20- Rent
- Rent Per SQFT
- $2,250
- $1.00
-
6 Intrepid Rockwall, TX 2
- 4 beds 4 baths ∙ 2,760 Sqft ∙ Built 1983 4 beds 4 baths ∙ 2,760 Sqft ∙ Built 1983
LEASED 08/12/19- Rent
- Rent Per SQFT
- $2,450
- $0.89
-
5518 Australia Court Rockwall, TX 3
- 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 1994
LEASED 08/25/20- Rent
- Rent Per SQFT
- $2,500
- $1.10
-
1207 Valley Trail Heath, TX 4
- 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,208 Sqft ∙ Built 1996
LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,500
- $1.13
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14500622
Last Updated: 01/16/2021
