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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $136.78
- 2 Days on Market
- MLS # : 14493131
- Updated Date : 01/02/2021 at 06:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,528 sqft
- Baths : 2 full
Listing Agent
Properties Of Grayson
Listing Agent's Description
3 bedrooms, 2 bathrooms, 2 car garage, Fenced backyard, Gas Fireplace, Vaulted ceilings, NEW ROOF and gutters, recently remodeled and ready for a family looking to live in an established and quiet neighborhood. TEXT OWNER 214-240-3661
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 75092
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75092
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$771 |
| Property Tax | -$479 | |
| Property Insurance | -$110 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$40
|
||
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.
$209,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| 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
$61,135
LOAN DETAILS
$771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,250 |
| Loan Amount | $156,750 |
2.33
YEARS SAVED
$4,249
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,417
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1817 Glenway Drive Sherman, TX 3
- 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,420
- $0.93
-
519 W Mclain Drive Sherman, TX 1
- 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1967
LEASED 10/29/19- Rent
- Rent Per SQFT
- $1,200
- $0.94
-
2313 Diana Drive Sherman, TX 2
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1967
LEASED 10/11/20- Rent
- Rent Per SQFT
- $1,395
- $0.92
-
3324 Carriage Circle Sherman, TX 4
- 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1978
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,500
- $0.93
-
2901 Mimosa Drive Sherman, TX 5
- 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1973
LEASED 08/07/19- Rent
- Rent Per SQFT
- $1,695
- $0.92
PROPERTY LISTING DETAILS
Properties Of Grayson
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493131
Last Updated: 01/02/2021
