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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $220.83
- 5 Days on Market
- MLS # : 14495411
- Updated Date : 01/08/2021 at 08:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,200 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Property contains three (3) separate property acreages identified on the tax rolls as TaxID 8272, TaxID 8269, TaxID 194906 (acreage listed as 8.4, 7, 8 respectively) All structures on properties Sold AS-IS. Utilities are ON. CAUTION, CAUTION, CAUTION! the inside flooring is unstable & dangerous to walk on.
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
Zip Code: 75160
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75160
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$683 | |
| Property Insurance | -$97 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$429
|
||
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.
$265,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
-0.08
YEARS SAVED
-$1
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$1,296
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
15372 Longspur Lane Terrell, TX 1
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,370
- $1.14
-
111 Lexington Drive Terrell, TX 2
- 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1977
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,500
- $1.08
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14495411
Last Updated: 01/08/2021
