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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
-
1605 Santa Fe Trail Krum, TX 3
- 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,580
- $0.97
-
333 Eagle Drive Krum, TX 1
- 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2013
LEASED 12/18/19- Rent
- Rent Per SQFT
- $1,575
- $0.93
-
322 Chisholm Trail Krum, TX 2
- 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2007
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,575
- $0.96
-
314 Saddlebrook Drive Krum, TX 4
- 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2009
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,600
- $0.95
-
316 Chisholm Trail Krum, TX 5
- 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 2008
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,600
- $1.04
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474662
Last Updated: 11/21/2020
