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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $147.46
- 4 Days on Market
- MLS # : 14472654
- Updated Date : 11/19/2020 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,204 sqft
- Baths : 2 full
Listing Agent
All City Real Estate, Ltd. Co
Listing Agent's Description
Perfect in every way. From beautiful landscaping, covered porch and patio, you'll immediately fall in love with this gorgeous single story gem. The spacious floor plan boasts a huge island kitchen overlooking a large living room accented with cast stone mantel and hearth fireplace. Natural light spills in throughout the home, which features a split bedroom plan with large private Master Suite retreat and bathroom. Secondary bedrooms are good sized and any can be used as a home office or second living room is desired. Additional features include a Mudroom and huge storage closet attached to it. Finishes include granite counter tops, tile floors, designer paints and more. Energy efficient too. Welcome 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
Zip Code: 76226
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76226
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$763 | |
| Property Insurance | -$155 | |
| HOA | -$83 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$131
|
||
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.
$325,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.6% |
| 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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
6.33
YEARS SAVED
$27,951
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,430
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,452
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
1817 Quail Lane Northlake, TX 4
- 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,430
- $1.10
-
1720 Mcgee Avenue Northlake, TX 1
- 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 2015
LEASED 11/21/19- Rent
- Rent Per SQFT
- $2,150
- $1.06
-
1800 Kaiser Cove Northlake, TX 2
- 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2015
LEASED 03/18/20- Rent
- Rent Per SQFT
- $2,340
- $1.08
-
2013 Kaiser Cove Northlake, TX 3
- 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2015
LEASED 06/22/20- Rent
- Rent Per SQFT
- $2,350
- $1.12
-
1816 Kaiser Cove Argyle, TX 5
- 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2015
LEASED 09/28/20- Rent
- Rent Per SQFT
- $2,500
- $1.19
PROPERTY LISTING DETAILS
All City Real Estate, Ltd. Co
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472654
Last Updated: 11/19/2020
