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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $147.00
- 5 Days on Market
- MLS # : 14463838
- Updated Date : 11/25/2020 at 15:29
CONSTRUCTION
- Beds : 4
- Floor Size : 2,170 sqft
- Baths : 2 full , 1 half
Listing Agent
Next Level Realty
Listing Agent's Description
COMING SOON! This beautiful new build on an OVERSIZED LOT is a must see whether you like to entertain outdoors or have kids this will be perfect for your family. The home boasts 4 bedrooms 2 and a half baths and two living areas. The home will have quartz counter tops, laminate flooring in the kitchen and bathrooms while comfortable carpeting will be in the bedrooms. As a bonus there is a decorative electric fireplace along with decorative lighting throughout.
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: Will-Kee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Will-Kee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$812 | |
| Property Insurance | -$153 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$520
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$319,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.8% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$86,535
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
-0.08
YEARS SAVED
-$2
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,682
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
1635 Frederick Street Lancaster, TX 5
- 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $0.79
-
2338 Manchester Lane Lancaster, TX 1
- 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2003
![property image]()
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,549
- $0.77
-
1905 Chapman Drive Lancaster, TX 2
- 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 2007
![property image]()
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,595
- $0.74
-
1813 Chapman Drive Lancaster, TX 3
- 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 2005
![property image]()
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,650
- $0.80
-
2206 Midbury Drive Lancaster, TX 4
- 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2005
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,695
- $0.79
PROPERTY LISTING DETAILS
Next Level Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14463838
Last Updated: 11/25/2020
