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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $142.36
- 5 Days on Market
- MLS # : 14510340
- Updated Date : 02/04/2021 at 11:12
CONSTRUCTION
- Beds : 4
- Floor Size : 1,650 sqft
- Baths : 2 full
Listing Agent
Re/max Proadvantage
Listing Agent's Description
Move in Ready, Barely lived in 4 Bedroom, 2 Bath, 2 Car Garage. Split Bedrooms, Open Concept, Includes Refrigerator, Washer and Dryer, Blinds throughout, Gutters in front of home, Hardware on all Cabinetry, Ceiling Fan in Master, additional Air Return in Master, Security system, Take a look at this Garage, Epoxy floor and Sealed Driveway. Gates on both sides of house for easy access into the Backyard, Large Open Patio, Green Space behind home. DR Horton Building Plan 1578 no longer available. Do not let this one slip by. Seller has received multiple offers and will be accepting Best and Final through Sunday, February 7th at 12pm.
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
Zip Code: 75442
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75442
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$456 | |
| Property Insurance | -$123 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$151
|
||
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.
$234,900
PROJECTED PRICE
$1,680
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.8% |
| 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
$67,999
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,725 |
| Loan Amount | $176,175 |
7.58
YEARS SAVED
$22,992
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,720
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
1809 Princeton Avenue Farmersville, TX 5
- 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,680
- $1.02
-
1713 Yale Street Farmersville, TX 1
- 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 2019
LEASED 12/27/20- Rent
- Rent Per SQFT
- $1,595
- $1.01
-
503 Meadowview Street Farmersville, TX 2
- 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2006
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,650
- $1.10
-
109 Columbia St Farmersville, TX 3
- 4 beds 2 baths ∙ 1,656 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,656 Sqft ∙ Built 2019
LEASED 12/22/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
1703 Princeton Avenue Farmersville, TX 4
- 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,587 Sqft ∙ Built 2019
LEASED 01/29/21- Rent
- Rent Per SQFT
- $1,675
- $1.06
PROPERTY LISTING DETAILS
Re/max Proadvantage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510340
Last Updated: 02/04/2021
