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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $161.29
- 2 Days on Market
- MLS # : 14493581
- Updated Date : 01/31/2021 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,891 sqft
- Baths : 2 full , 1 half
Listing Agent
Mra, Realtors
Listing Agent's Description
Located in much sought-after Far North Dallas off Hillcrest in PLANO ISD, this 3 bed 2.1 bath garden home features recently installed carpet in bedrooms, light fixtures, 2in cordless faux wood blinds & fans. Freshly painted neutral tones inside & out. Updates in the kitchen include Granite countertops, tile backsplash, under cabinet lighting & features large walk in pantry with closet for WD. The family room boasts a cozy WB fireplace, custom bookshelves & high ceiling heights. The Spacious Master has a large walk in closet, private covered patio & an en suite bath with dual sinks. The 2 Bedrooms upstairs have their own balcony, bathroom & huge storage closet. Close to George Bush & 75, lots of shopping & UTD.
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
Neighborhood: Highlands of McKamy
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highlands of McKamy
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$602 | |
| Property Insurance | -$136 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$63
|
||
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.
$305,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.4% |
| 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
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
5.5
YEARS SAVED
$18,711
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,075
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
17403 Energy Lane Dallas, TX 2
- 3 beds 3 baths ∙ 1,891 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,891 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,960
- $1.04
-
7129 Nicole Place Dallas, TX 1
- 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1998
LEASED 11/20/19- Rent
- Rent Per SQFT
- $1,800
- $1.08
-
7720 Worthing Street Dallas, TX 3
- 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1996
LEASED 11/05/20- Rent
- Rent Per SQFT
- $2,200
- $1.15
-
7616 Worthing Street Dallas, TX 4
- 3 beds 3 baths ∙ 2,164 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,164 Sqft ∙ Built 1994
LEASED 09/16/20- Rent
- Rent Per SQFT
- $2,300
- $1.06
-
8328 Tuscarora Lane Dallas, TX 5
- 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2019
LEASED 12/27/19- Rent
- Rent Per SQFT
- $2,400
- $1.10
PROPERTY LISTING DETAILS
Mra, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493581
Last Updated: 01/31/2021
