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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $120.82
- 3 Days on Market
- MLS # : 14481381
- Updated Date : 12/04/2020 at 15:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,209 sqft
- Baths : 2 full , 1 half
Listing Agent
Lgi Homes
Listing Agent's Description
The Cypress is a gorgeous, two-story home featuring an open floor plan, 4 bedrooms and 2.5 baths. The Cypress showcases a master suite on the main floor complete with an in-suite bathroom with double sinks and a garden tub. This new home comes with thousands of dollars in upgrades already included such as granite countertops, 36” upper wood cabinets, energy-efficient kitchen appliances, a fully fenced back yard, and an attached two-car garage with a Wi-Fi-enabled opener. Schedule your tour of the Cypress plan at Seagoville Farms today!
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 75159
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75159
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$985 |
| Property Tax | -$626 | |
| Property Insurance | -$155 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$162
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$266,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.5% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$72,729
LOAN DETAILS
$985
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,725 |
| Loan Amount | $200,175 |
1.5
YEARS SAVED
$2,888
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,708
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
1941 Madison Drive Seagoville, TX 4
- 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,730
- $0.78
-
515 Shaye Court Seagoville, TX 1
- 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2005
![property image]()
LEASED 08/02/19- Rent
- Rent Per SQFT
- $1,495
- $0.76
-
1405 Julie Street Seagoville, TX 2
- 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2005
![property image]()
LEASED 08/22/19- Rent
- Rent Per SQFT
- $1,550
- $0.76
-
2615 Horton Drive Seagoville, TX 3
- 4 beds 2 baths ∙ 2,081 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,081 Sqft ∙ Built 2019
![property image]()
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,675
- $0.80
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481381
Last Updated: 12/04/2020
