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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $154.44
- 7 Days on Market
- MLS # : 14478748
- Updated Date : 12/06/2020 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,490 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Gorgeous home located in Marshall Ridge with backyard oasis. Saltwater pool with custom oversized spa and plenty of patio space for an entertaining outdoor living. Pool features LED lighting and iAqualink controls. Grand entry with custom over iron door. Spacious home with high ceiling and plenty lots of natural lighting. This home has it all with 4 bedroom, 2 living or optional formal dining, study, game room and media room. Entertaining California kitchen with stainless appliances and granite countertops. Oversized 3 car garage. Located in the highly-acclaimed, Keller High ISD. Easy access to I-35W & 114 for the work commute--plus, plenty of nearby shopping, dining, entertainment & conveniences.
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: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,080 |
| EXPENSES | Loan Payment | -$1,989 |
| Property Tax | -$1,131 | |
| Property Insurance | -$229 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$438
|
||
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.
$539,000
PROJECTED PRICE
$3,080
PROJECTED RENT
0.57%
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) | 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
$148,585
LOAN DETAILS
$1,989
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $134,750 |
| Loan Amount | $404,250 |
1.08
YEARS SAVED
$3,190
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,080
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$3,124
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
1712 Lewis Crossing Drive Keller, TX 3
- 4 beds 3 baths ∙ 3,490 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,490 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $3,080
- $0.88
-
404 Sagewood Court Keller, TX 1
- 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 2008
![property image]()
LEASED 05/19/20- Rent
- Rent Per SQFT
- $2,995
- $0.84
-
1732 Hickory Chase Circle Keller, TX 2
- 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2014
![property image]()
LEASED 03/09/20- Rent
- Rent Per SQFT
- $3,000
- $0.91
-
1608 Bradford Grove Trail Keller, TX 4
- 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 2012
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $3,150
- $0.90
-
1628 Goldenrod Lane Keller, TX 5
- 4 beds 3 baths ∙ 3,654 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,654 Sqft ∙ Built 2014
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $3,400
- $0.93
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478748
Last Updated: 12/06/2020
