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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $151.67
- 1 Days on Market
- MLS # : 14465430
- Updated Date : 11/14/2020 at 18:36
CONSTRUCTION
- Beds : 3
- Floor Size : 3,033 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Welcome to your slice of paradise on 1.914 acres corner lot featuring a large front & back porch with swings to enjoy the breathtaking country views. The home features a open living room & kitchen that is filled with Natural Light. Built-in cabinets in the living room and vaulted ceilings. The master bathroom features a jetted garden tub, private toilet, double bowl vanity, spacious walk-in closet that leads to a double walled storm shelter closet. This home also offers an oversized loft or game room area upstairs that makes for a perfect guest. Outside workshop with electricity and pasture behind home. Come see this home before it gone! Information is deemed reliable but is not guaranteed.
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: Mission Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$1,697 |
| Property Tax | -$1,004 | |
| Property Insurance | -$202 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$512
|
||
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.
$460,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| 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
$127,650
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
0.33
YEARS SAVED
$556
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,629
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
1611 Mcalpin Road Midlothian, TX 3
- 3 beds 3 baths ∙ 3,033 Sqft ∙ Built 2000 3 beds 3 baths ∙ 3,033 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $2,490
- $0.82
-
437 Bentley Drive Midlothian, TX 1
- 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2016
![property image]()
LEASED 10/25/19- Rent
- Rent Per SQFT
- $2,450
- $0.88
-
450 Bentley Drive Midlothian, TX 2
- 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2016
![property image]()
LEASED 03/07/20- Rent
- Rent Per SQFT
- $2,450
- $0.86
-
3611 Skinner Road Midlothian, TX 4
- 4 beds 4 baths ∙ 3,358 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,358 Sqft ∙ Built 2003
![property image]()
LEASED 12/30/19- Rent
- Rent Per SQFT
- $2,875
- $0.86
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14465430
Last Updated: 11/14/2020
