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1719 Voltera Drive Mclendon Chisholm, TX 75032

4 Beds 3 Baths 2,283 sqft Built 2019

$355,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $155.50
  • 3 Days on Market
  • MLS # : 14492318
  • Updated Date : 01/01/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,283 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Kitchen: wood cabinets, tile backsplash, stainless steel appliances, granite countertops, island, walk in pantry. Eat in breakfast area with decorative pendant lighting, double ovens. Living area: gas fireplace, lots of natural light, wood look flooring, built in speakers. Master bed: oversized, bay window. Master bth: large walk-in closet, separate shower, garden tub, dual sinks. Utility room: built in storage shelf, room for full size washer and dryer. Backyard: natural gas hookup for grill, extended concrete patio with patio cover. Upgrades: oversized lot, semi corner lot, 8ft doors throughout, upgraded entry door, pendant lights, landscape up lighting, holiday light circuit.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 75032

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k348k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75032

ZipNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262288

* 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.
 

$319,500$390,500$355,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,310
Property Tax -$639
Property Insurance -$159
HOA -$55
Property Management Fees -$99
CASH FLOW
-$12

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.

$355,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$19,047

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,250

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,519

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,4004$2,995
$2,995
RENT COMPS ANALYSIS
  • 1719 Voltera Drive Mclendon Chisholm, TX 2
    • 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.99
    •  
  • 1706 Bertino Way Mclendon Chisholm, TX 1
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2017
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
  • 1631 Veneto Drive Mclendon Chisholm, TX 3
    • 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 2017
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
  • 1543 Intessa Court Mclendon Chisholm, TX 4
    • 5 beds 4 baths ∙ 2,590 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,590 Sqft ∙ Built 2017
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.16
    •  
PROPERTY LISTING DETAILS
Adam Franzetti
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492318
Last Updated: 01/01/2021
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