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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $122.93
- 2 Days on Market
- MLS # : 14509538
- Updated Date : 01/30/2021 at 21:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,319 sqft
- Baths : 3 full
Listing Agent
Jp & Associates Rockwall
Listing Agent's Description
Beautiful Home offered in Woodcreek in the highly sought after,Rockwall ISD.Home boasts a 3 car garage,study can be used as a 5th bedroom, two+bedrooms downstairs.The home's open concept floorplan is very inviting &it offers a separate formal dining,game room & oversized media room for entertaining!Finishes includes vinyl plank flooring in living areas,hall&study.Kitchen has custom painted cabinetry,walkin pantry,can lighting,granite,SS appl,gas stove,tons of wonderful natural light.Other features include iron spindles on staircase,multiple ceiling fans, a barndoor in master,oversized walk in closet!Walking distance to Elem.Woodcreek offers 3 Pools,a gym,dog prk& ponds.Gutters added all the way around home.
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: Woodcreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodcreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,740 |
| EXPENSES | Loan Payment | -$1,417 |
| Property Tax | -$911 | |
| Property Insurance | -$219 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$40
|
||
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.
$408,000
PROJECTED PRICE
$2,740
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.0% |
| 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
$113,870
LOAN DETAILS
$1,417
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,000 |
| Loan Amount | $306,000 |
4.5
YEARS SAVED
$19,199
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,740
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,722
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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160 Stevenson Drive Fate, TX 4
- 5 beds 3 baths ∙ 3,319 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,319 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,740
- $0.83
-
204 Campbell Court Fate, TX 1
- 4 beds 4 baths ∙ 2,970 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,970 Sqft ∙ Built 2013
LEASED 10/17/19- Rent
- Rent Per SQFT
- $2,325
- $0.78
-
243 Thatcher Drive Fate, TX 2
- 5 beds 3 baths ∙ 2,977 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,977 Sqft ∙ Built 2016
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,400
- $0.81
-
101 Equestrian Trail Fate, TX 3
- 5 beds 4 baths ∙ 3,229 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,229 Sqft ∙ Built 2006
LEASED 11/25/20- Rent
- Rent Per SQFT
- $2,675
- $0.83
-
832 Mccall Drive Fate, TX 5
- 4 beds 4 baths ∙ 3,301 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,301 Sqft ∙ Built 2017
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,845
- $0.86
PROPERTY LISTING DETAILS
Jp & Associates Rockwall
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509538
Last Updated: 01/30/2021
