Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $137.45
- 3 Days on Market
- MLS # : 14474662
- Updated Date : 11/21/2020 at 08:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,637 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Cute, clean and adorable 3 bed 2 bath home in a massively growing area on interior lot with open patio, wood fenced back yard, easy access to FM 156 & I35, Krum ISD. Home features open concept with kitchen overlooking dining and living area, split bedrooms, oversized master and 2 car attached garage. HOA includes community park and neighborhood upkeep. Serene private backyard perfect for gardening or add a pool. Great floor plan for a family or single who wants a wonderful house in a beautiful neighborhood. Plan your perfect Christmas gathering in this lovely home ready for new owner.
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: Saddlebrook Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Saddlebrook Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,580 |
EXPENSES | Loan Payment | -$830 |
Property Tax | -$452 | |
Property Insurance | -$122 | |
HOA | -$17 | |
Property Management Fees | -$99 | |
CASH FLOW
$60
|
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.
$224,999
PROJECTED PRICE
$1,580
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 4.2% |
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
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $56,250 |
Loan Amount | $168,749 |
5.92
YEARS SAVED
$17,704
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,588
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474662
Last Updated: 11/21/2020