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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $158.05
- 6 Days on Market
- MLS # : 14472444
- Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,031 sqft
- Baths : 2 full
Listing Agent
Your Home Free Llc
Listing Agent's Description
Gorgeous single-story on large corner lot! Inside you will find 3 beds, 2 full baths, and 2-car garage! Open layout makes entertaining a breeze! Upgrades & amenities include designer paint tones, plush carpeting, beautiful wood-look ceramic tiling, built-in surround sound, decorative lighting fixtures, cozy wood burning family room fireplace, convenient office nook, and MORE! Gourmet kitchen boasts granite countertops with tumbled stone & glass tile backsplash, under-cabinet lighting, large center island with breakfast bar and pendant lighting, SS appliances, and gas range. Private master suite offers dual sinks, garden tub with separate shower, and large walk-in closet. Huge backyard with covered patio area!
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
Zip Code: 76226
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76226
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,184 |
| Property Tax | -$753 | |
| Property Insurance | -$145 | |
| HOA | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$113
|
||
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.
$321,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.6% |
| 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
$90,815
LOAN DETAILS
$1,184
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,250 |
| Loan Amount | $240,750 |
2.5
YEARS SAVED
$7,754
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$2,300
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
1700 Sparrow Street Northlake, TX 2
- 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,160
- $1.06
-
1720 Cole Lane Northlake, TX 1
- 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2015
LEASED 07/11/20- Rent
- Rent Per SQFT
- $2,150
- $1.15
-
109 Cole Court Northlake, TX 3
- 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2015
LEASED 05/19/20- Rent
- Rent Per SQFT
- $2,295
- $1.13
-
1716 Sparrow Street Northlake, TX 4
- 3 beds 2 baths ∙ 2,171 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,171 Sqft ∙ Built 2016
LEASED 08/13/20- Rent
- Rent Per SQFT
- $2,400
- $1.11
-
1820 Lark Lane Argyle, TX 5
- 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 2017
LEASED 09/10/20- Rent
- Rent Per SQFT
- $2,500
- $1.14
PROPERTY LISTING DETAILS
Your Home Free Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472444
Last Updated: 11/22/2020
