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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $157.69
- 2 Days on Market
- MLS # : 14505428
- Updated Date : 01/23/2021 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,340 sqft
- Baths : 2 full
Listing Agent
Lake Kiowa Premiere Real Estate
Listing Agent's Description
Beautiful custom home in Forest Pointe Estates, immaculately cared for by original owners. Peaceful gated community located near conveniences of restaurants, shopping, travel. Homeowners have access to clubhouse & pool. Open layout kitchen-living areas w custom built ins & efficient gas log fireplace for warmth on a cold winter's day. Gourmet kitchen offers both gas & electric stove & ovens, walk in pantry & tons of storage. Upstairs gamerm w wetbar & fridge. Working intercom, custom central vac, & all Whirlpool appliances are just a few great amenities of this home. Updated in 2014 with Lennox HVAC w 10 year extended warranty, new Anderson windows & new kitchen appliances. Extra 3rd garage for shop or storage.
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: Forest Pointe Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Forest Pointe Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,282 |
| Property Tax | -$716 | |
| Property Insurance | -$162 | |
| HOA | -$135 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$325
|
||
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.
$369,000
PROJECTED PRICE
$2,070
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.7% |
| 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
$103,535
LOAN DETAILS
$1,282
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,250 |
| Loan Amount | $276,750 |
0.67
YEARS SAVED
$942
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,124
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
1523 Alberi Drive Euless, TX 2
- 3 beds 2 baths ∙ 2,340 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,340 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,070
- $0.88
-
501 Wild Oak Lane Euless, TX 1
- 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1982
LEASED 12/29/20- Rent
- Rent Per SQFT
- $1,995
- $0.87
-
415 Fountain Park Drive Euless, TX 3
- 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,182 Sqft ∙ Built 2003
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,100
- $0.96
-
1909 Chittam Drive Euless, TX 4
- 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2004
LEASED 07/12/20- Rent
- Rent Per SQFT
- $2,150
- $0.88
-
106 Wildbriar Street Euless, TX 5
- 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1985
LEASED 01/15/21- Rent
- Rent Per SQFT
- $2,200
- $0.92
PROPERTY LISTING DETAILS
Lake Kiowa Premiere Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14505428
Last Updated: 01/23/2021
