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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $120.01
- 2 Days on Market
- MLS # : 14504373
- Updated Date : 01/30/2021 at 21:04
CONSTRUCTION
- Beds : 5
- Floor Size : 3,124 sqft
- Baths : 3 full
Listing Agent
Re/max Cross Country
Listing Agent's Description
Immaculately Maintained One-Owner Dream Home! This versatile floor-plan fits every lifestyle has 5 or 6 bedrooms! You will notice the meticulous care and maintenance the moment you enter the front door. No shoes allowed ever! This 5 to 6 bedroom floor-plan features the master suite on the second level but also includes a 5th bedroom and full bath with private living space on the first level. This does not take away from two other living areas on the first level. Proper maintenance and beautiful updates show off inside and out including beautiful landscaping, fresh paint, new fixtures, an extended patio, and a private backyard. You will not find a home that has been more loved than this!
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: Cypress Point Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cypress Point Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$758 | |
| Property Insurance | -$208 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$67
|
||
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.
$374,900
PROJECTED PRICE
$2,300
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.4% |
| 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
$105,099
LOAN DETAILS
$1,302
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
3.5
YEARS SAVED
$11,732
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,523
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
1613 Meadowview Drive Corinth, TX 2
- 5 beds 3 baths ∙ 3,124 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,124 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,300
- $0.74
-
3704 Drexel Drive Denton, TX 1
- 4 beds 4 baths ∙ 2,844 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,844 Sqft ∙ Built 2006
LEASED 12/02/19- Rent
- Rent Per SQFT
- $2,145
- $0.75
-
3708 Ocean Drive Denton, TX 3
- 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2004
LEASED 06/06/20- Rent
- Rent Per SQFT
- $2,500
- $0.74
-
2308 Lighthouse Drive Denton, TX 4
- 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2014
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.85
-
3606 Windsor Parkway Corinth, TX 5
- 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2002
LEASED 03/28/20- Rent
- Rent Per SQFT
- $2,700
- $0.89
PROPERTY LISTING DETAILS
Re/max Cross Country
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504373
Last Updated: 01/30/2021
