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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $214.41
- 7 Days on Market
- MLS # : 14486473
- Updated Date : 01/23/2021 at 20:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,280 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
BETTER than new! Thoughtful upgrades incl. Plantation Shutters and Crown Molding throughout the house. Beautiful Wood Floors, 20x20 Tiles with glass inserts, Frameless Shower Door! Electric lift to large Attic in the garage for easy and extra storage. ADT Command automation security system installed. This beautiful single-story 4bed, 2bath, 2car garage home is in a new master-planned community, with community pools, playgrounds, dog parks, amenity center with gym and meeting rooms. Miles of scenic walking trails and an outdoor amphitheater planned in 2022. 5 Minutes away from 3 major highways - I635, I35 and Bush Turnpike.
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: Farmers Branch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Farmers Branch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$1,698 |
| Property Tax | -$1,070 | |
| Property Insurance | -$159 | |
| HOA | -$164 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$640
|
||
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.
$488,850
PROJECTED PRICE
$2,550
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.1% |
| 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
$135,295
LOAN DETAILS
$1,698
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,213 |
| Loan Amount | $366,638 |
0.08
YEARS SAVED
$26
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,550
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,519
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
1642 Ashington Farmers Branch, TX 3
- 4 beds 2 baths ∙ 2,280 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,280 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,550
- $1.12
-
1436 Verwood Circle Farmers Branch, TX 1
- 3 beds 3 baths ∙ 2,406 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,406 Sqft ∙ Built 2018
LEASED 09/09/20- Rent
- Rent Per SQFT
- $2,395
- $1.00
-
804 Camilla Irving, TX 2
- 3 beds 2 baths ∙ 2,219 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,219 Sqft ∙ Built 2006
LEASED 03/22/20- Rent
- Rent Per SQFT
- $2,450
- $1.10
-
722 San Benito Irving, TX 4
- 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 2009
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,750
- $1.17
-
6720 Castillo Street Irving, TX 5
- 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2013
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,900
- $1.15
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486473
Last Updated: 01/23/2021
