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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $152.53
- 6 Days on Market
- MLS # : 14520836
- Updated Date : 02/24/2021 at 10:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,229 sqft
- Baths : 2 full
Listing Agent
Keller Williams-johnson County
Listing Agent's Description
Gorgeous brick and stone home in Greenridge Estates! Upon entry, you will notice the low-maintenance wood flooring throughout. French doors lead to the study. Oversized open-concept living room features wood-burning fireplace and windows galore. Stunning kitchen equipped with custom cabinetry, granite c-tops, sub tile backsplash, ss appliances, and large island with breakfast bar. Primary bedroom is nicely sized with french doors leading to bathroom with his & her vanities, garden tub & separate shower. Both additional bedrooms are nicely sized! Backyard features covered patio & wooden privacy fence! Welcome home!
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: 76028
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76028
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,860 |
EXPENSES | Loan Payment | -$1,181 |
Property Tax | -$815 | |
Property Insurance | -$156 | |
HOA | -$50 | |
Property Management Fees | -$99 | |
CASH FLOW
-$441
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$340,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 7.4% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.39% |
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
$95,850
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $85,000 |
Loan Amount | $255,000 |
0.08
YEARS SAVED
$20
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,900
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Keller Williams-johnson County
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14520836
Last Updated: 02/24/2021