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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $169.99
- 4 Days on Market
- MLS # : 14479781
- Updated Date : 12/03/2020 at 20:00
CONSTRUCTION
- Beds : 5
- Floor Size : 4,206 sqft
- Baths : 3 full , 2 half
Listing Agent
Robinson Team Real Estate, Llc
Listing Agent's Description
Gorgeously appointed custom home with upgrades galore. All 5 bedrooms (or 4 plus study) on first floor! Second story features huge private media and game room. Chefs dream kitchen boasts crisp white cabinets, decorative range hood, double oven, gorgeous granite counters, and stone detail at bar area! Upgraded gleaming hardwood floors throughout first floor! No detail overlooked with premium cabinets and fixtures at every turn. Outdoor living and kitchen space, over 550 square feet, with wood clad high ceilings, dual fans, recessed lighting, wood look tile floors, stone work, and stainless steel range hood! You'll want to take your time and savor the experience when you visit this home!
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,350 |
| EXPENSES | Loan Payment | -$2,638 |
| Property Tax | -$1,397 | |
| Property Insurance | -$270 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,096
|
||
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.
$714,990
PROJECTED PRICE
$3,350
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| 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
$195,222
LOAN DETAILS
$2,638
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $178,748 |
| Loan Amount | $536,243 |
0
YEARS SAVED
$42
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,350
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$3,649
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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1721 Thackery Lane Prosper, TX 2
- 5 beds 5 baths ∙ 4,206 Sqft ∙ Built 2016 5 beds 5 baths ∙ 4,206 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $3,350
- $0.80
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1640 Greenwood Court Prosper, TX 1
- 5 beds 4 baths ∙ 4,075 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,075 Sqft ∙ Built 2010
LEASED 09/15/20- Rent
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- $3,350
- $0.82
-
801 Martin Creek Drive Prosper, TX 3
- 4 beds 4 baths ∙ 4,145 Sqft ∙ Built 2011 4 beds 4 baths ∙ 4,145 Sqft ∙ Built 2011
LEASED 08/03/20- Rent
- Rent Per SQFT
- $3,700
- $0.89
-
850 Dentwood Trail Prosper, TX 4
- 5 beds 5 baths ∙ 4,397 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,397 Sqft ∙ Built 2006
LEASED 07/21/20- Rent
- Rent Per SQFT
- $3,745
- $0.85
-
2201 Lewis Canyon Drive Prosper, TX 5
- 4 beds 4 baths ∙ 4,139 Sqft ∙ Built 2014 4 beds 4 baths ∙ 4,139 Sqft ∙ Built 2014
LEASED 04/24/20- Rent
- Rent Per SQFT
- $3,750
- $0.91
PROPERTY LISTING DETAILS
Robinson Team Real Estate, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479781
Last Updated: 12/03/2020
