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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $180.69
- 2 Days on Market
- MLS # : 14536907
- Updated Date : 03/20/2021 at 14:19
CONSTRUCTION
- Beds : 4
- Floor Size : 3,154 sqft
- Baths : 3 full
Listing Agent
Prolead Realty Group
Listing Agent's Description
Open and Bright, well maintained updated 4 bedrooms with 3 full bath! If you love wood floor, this is the right one! Wood flooring all over inclu bedrooms, kitchen and closets. Master down with two closets, updated bath frame less shower, jetted tub, another bedroom downstairs with full bath. Open kitchen connected to the bright breakfast room, oversize laundry room with upgraded sink and cabinet ideal for additional refri or make it a perfect 2nd kitchen. Upstairs game room with 2 big bedrooms and updated full bath. New roof 2017, New gutter new outside painting 2021, new upstairs TRANE AC 2017, new downstairs AC coil 2020, new water heater 2019, High ceilings, lots of storage, it's ready for you to call home!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Far North Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Far North Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,010 |
| EXPENSES | Loan Payment | -$1,979 |
| Property Tax | -$1,126 | |
| Property Insurance | -$209 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$404
|
||
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.
$569,900
PROJECTED PRICE
$3,010
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.0% |
| 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
$156,774
LOAN DETAILS
$1,979
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $142,475 |
| Loan Amount | $427,425 |
1.33
YEARS SAVED
$3,854
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,010
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$3,249
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
18008 Creek Vista Court Dallas, TX 1
- 4 beds 3 baths ∙ 3,154 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,154 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $3,010
- $0.95
-
17906 Old Preston Court Dallas, TX 2
- 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 1999
LEASED 04/30/20- Rent
- Rent Per SQFT
- $3,095
- $0.92
-
16823 Colegrove Drive Dallas, TX 3
- 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 1974 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 1974
LEASED 01/28/20- Rent
- Rent Per SQFT
- $3,200
- $1.00
-
5830 Windmier Lane Dallas, TX 4
- 4 beds 4 baths ∙ 3,283 Sqft ∙ Built 1983 4 beds 4 baths ∙ 3,283 Sqft ∙ Built 1983
LEASED 12/12/19- Rent
- Rent Per SQFT
- $3,500
- $1.07
-
18819 Amador Avenue Dallas, TX 5
- 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 1984 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 1984
LEASED 08/07/20- Rent
- Rent Per SQFT
- $3,600
- $1.13
PROPERTY LISTING DETAILS
Prolead Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14536907
Last Updated: 03/20/2021
