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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $146.35
- 5 Days on Market
- MLS # : 14490277
- Updated Date : 12/23/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,757 sqft
- Baths : 3 full
Listing Agent
Classic Property Management
Listing Agent's Description
BRAND NEW Bloomfield Home Ready June 2021! Two-story with an Open Floorplan; 4 Beds, 3 Baths, 2.5-car Garage. Real Hand-scraped Hardwood Floors in all living areas. Upgraded Tiles and Finishes. Dining off entrance that could be used as a study. Plenty of windows and the Vaulted Ceilings bring in natural light at all times of the day. Gorgeous Kitchen with SS Appliances and Gas cooktop. Large Owner's Suite with sitting area. Window Coverings included. Fully Landscaped, Fenced, and complete Sprinkler System. Home sits on an Interior lot backing a greenbelt; Does not share a Rear Fence. Lot's of Trees with Wrought Iron Rear Fence. Call today to learn more!
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
Zip Code: 75032
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75032
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,900 |
| EXPENSES | Loan Payment | -$1,489 |
| Property Tax | -$726 | |
| Property Insurance | -$187 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$344
|
||
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.
$403,490
PROJECTED PRICE
$2,900
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 3.00% |
| 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
$108,925
LOAN DETAILS
$1,489
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,873 |
| Loan Amount | $302,618 |
9.5
YEARS SAVED
$65,626
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,900
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$2,895
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
1705 San Donato Lane Mclendon Chisholm, TX 1
- 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,900
- $1.05
-
14 Tennis Village Drive Heath, TX 2
- 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 2005
LEASED 10/11/20- Rent
- Rent Per SQFT
- $3,200
- $1.05
PROPERTY LISTING DETAILS
Classic Property Management
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490277
Last Updated: 12/23/2020
