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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $163.40
- 2 Days on Market
- MLS # : 14523043
- Updated Date : 02/27/2021 at 16:43
CONSTRUCTION
- Beds : 4
- Floor Size : 3,669 sqft
- Baths : 3 full , 1 half
Listing Agent
3% Real Estate Company
Listing Agent's Description
Absolutely beautiful home in desirable North Dallas neighborhood with Plano schools! Lush landscaping and treed lot with gorgeous water view. Fantastic floor plan with Primary Bedroom down and 3 BR + game & den-study up! The extra game room-den upstairs could easily be a 5th bedroom. Kitchen features quartz counters, stainless appliances & huge walk-in pantry. This home features updates throughout, natural light, built-ins, modern decorators colors, beautiful updated fixtures, large bedrooms, spacious livings areas, blown in insulation in the attic & more! Thermostats and sprinkler system operated with smart control from your device.
SEE MORE
- . 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)
- 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)
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 | $3,050 |
| EXPENSES | Loan Payment | -$2,082 |
| Property Tax | -$1,184 | |
| Property Insurance | -$239 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$589
|
||
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.
$599,500
PROJECTED PRICE
$3,050
PROJECTED RENT
0.51%
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
$164,618
LOAN DETAILS
$2,082
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,875 |
| Loan Amount | $449,625 |
0.42
YEARS SAVED
$873
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,050
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$3,220
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
18407 Gibbons Drive Dallas, TX 4
- 4 beds 4 baths ∙ 3,669 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,669 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $3,050
- $0.83
-
3635 Copper Stone Drive Dallas, TX 1
- 5 beds 4 baths ∙ 3,346 Sqft ∙ Built 1993 5 beds 4 baths ∙ 3,346 Sqft ∙ Built 1993
LEASED 08/11/20- Rent
- Rent Per SQFT
- $2,695
- $0.81
-
4416 Voss Hills Place Dallas, TX 2
- 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 1991
LEASED 06/18/20- Rent
- Rent Per SQFT
- $2,750
- $0.80
-
18528 Vista Del Sol Dallas, TX 3
- 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 1990
LEASED 05/14/20- Rent
- Rent Per SQFT
- $2,995
- $0.83
-
5214 Tennington Park Dallas, TX 5
- 5 beds 4 baths ∙ 3,749 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,749 Sqft ∙ Built 2000
LEASED 05/11/20- Rent
- Rent Per SQFT
- $4,000
- $1.07
PROPERTY LISTING DETAILS
3% Real Estate Company
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14523043
Last Updated: 02/27/2021
