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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $174.33
- 2 Days on Market
- MLS # : 14512123
- Updated Date : 02/06/2021 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,155 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
WARMTH meets ELEGANCE in this entertainer's paradise! This home has it all. Grand Entrance into soaring ceilings, newly updated windows, modern hardwood floors, plantation shutters, study, formal dining rm, wet bar bonus room & pool. 3 living areas with a shared fireplace situated next to Chef's kitchen is ideal for gatherings & offers granite countertops, gas stove & built-in appliances. Owners' suite offers a built-in bookshelf and a fireplace. Enjoy quiet living, mature trees & an outdoor oasis complete w a pool, pergola & built-in kitchen. As a bonus, there is a shower pool near the back door to protect floors from water damage. No HOA. Excellent location, easy access to freeways, shopping & restaurants.
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: Trail Lake Estates Euless
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trail Lake Estates Euless
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,960 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$1,068 | |
| Property Insurance | -$210 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$327
|
||
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.
$550,000
PROJECTED PRICE
$2,960
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.7% |
| 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
$151,500
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
1.58
YEARS SAVED
$5,674
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,960
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$3,052
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
1807 Eden Trail Euless, TX 3
- 4 beds 4 baths ∙ 3,155 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,155 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,960
- $0.94
-
2410 Grizzly Run Lane Euless, TX 1
- 3 beds 3 baths ∙ 2,810 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,810 Sqft ∙ Built 2005
LEASED 04/28/20- Rent
- Rent Per SQFT
- $2,495
- $0.89
-
4113 Parkview Court Bedford, TX 2
- 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002
LEASED 07/11/20- Rent
- Rent Per SQFT
- $2,895
- $0.97
-
1002 Lost Valley Drive Euless, TX 4
- 5 beds 4 baths ∙ 3,128 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,128 Sqft ∙ Built 2012
LEASED 08/12/19- Rent
- Rent Per SQFT
- $3,000
- $0.96
-
3920 Autumn Lane Bedford, TX 5
- 4 beds 4 baths ∙ 3,046 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,046 Sqft ∙ Built 2002
LEASED 09/14/20- Rent
- Rent Per SQFT
- $3,200
- $1.05
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512123
Last Updated: 02/06/2021
