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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $97.18
- 3 Days on Market
- MLS # : 14492948
- Updated Date : 01/01/2021 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,624 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Great value in Mustang Creek! This 4 bedroom home is perfect for a large family with lots of room for everyone. On the first floor, you will find the office with double doors, a formal dining area and a large kitchen with an abundance of cabinet and countertop space. The family room is open with a cozy corner fireplace and lots of natural light. The second floor offers a kids retreat or game room and spacious secondary bedrooms with walk in closets. includes a large backyard and a bonus third car garage. The entire upstairs carpet was replaced in Dec 2020.
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: Mustang Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mustang Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,150 |
EXPENSES | Loan Payment | -$941 |
Property Tax | -$584 | |
Property Insurance | -$179 | |
HOA | -$20 | |
Property Management Fees | -$99 | |
CASH FLOW
$327
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$255,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.84%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 7.3% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.39% |
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
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $63,750 |
Loan Amount | $191,250 |
10.58
YEARS SAVED
$46,069
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,152
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492948
Last Updated: 01/01/2021