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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $129.92
- 3 Days on Market
- MLS # : 14509435
- Updated Date : 01/29/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,617 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Beautiful Stonehollow home in Silverstone at Pearson Ranch. This house is not only in the Mary Martin Elementary School District but has so many beautiful features and a great location, near I-20 and HEB. The hand-scraped hard wood floors are so inviting and main living area is open to make this home feel spacious. There are two master bedrooms and 2 large bedrooms with built-in shelving, otherwise. There is a space upstairs perfect for an office, loft or playroom. A deck has been added to the patio in the back and this house is at the end of the street near a cul-de-sac. Also brand new roof and gutters were placed September of 2020. Selling agent is home owner.
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
Zip Code: 76087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$724 | |
| Property Insurance | -$178 | |
| HOA | -$37 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$19
|
||
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.
$340,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.0% |
| 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
$95,850
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
4
YEARS SAVED
$12,844
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,294
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
1609 Sandle Wood Drive Weatherford, TX 3
- 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,200
- $0.84
-
2205 Lorrie Lane Weatherford, TX 1
- 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2006
LEASED 04/22/20- Rent
- Rent Per SQFT
- $2,045
- $0.76
-
231 Shirley Circle Weatherford, TX 2
- 4 beds 2 baths ∙ 2,433 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,433 Sqft ∙ Built 2000
LEASED 09/28/20- Rent
- Rent Per SQFT
- $2,200
- $0.90
-
1624 Salado Trail Weatherford, TX 4
- 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2007
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,595
- $0.97
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509435
Last Updated: 01/29/2021
