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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $153.12
- 2 Days on Market
- MLS # : 14527229
- Updated Date : 03/06/2021 at 20:11
CONSTRUCTION
- Beds : 5
- Floor Size : 4,049 sqft
- Baths : 4 full , 1 half
Listing Agent
Fathom Realty
Listing Agent's Description
Built by Highland Homes - This North facing 5 bedroom, 4.5 bathroom, with 3 car tandem garage home is gently lived in. Features 2 bedrooms down and 3 bedrooms up. 1st floor study and entertainment room and secondary bedroom down is perfect for guests and entertaining. Family and dining room open with vaulted ceilings. Large game room upstairs. Upstairs guest bedroom has ensuite bathroom. Home offers plenty of additional features including a gourmet kitchen, stone fireplace, wood floors, extended outdoor patio and much more. Lot size roughly 65 x 125. Exemplary Prosper ISD. Multiple Offers - Please submit best and final offer by no later than 7pm on Sunday March 7th.
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: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,240 |
| EXPENSES | Loan Payment | -$2,153 |
| Property Tax | -$1,211 | |
| Property Insurance | -$261 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$585
|
||
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.
$620,000
PROJECTED PRICE
$3,240
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| 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
$170,050
LOAN DETAILS
$2,153
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $155,000 |
| Loan Amount | $465,000 |
0.5
YEARS SAVED
$1,098
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,240
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$3,209
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
1951 River Rock Lane Prosper, TX 4
- 5 beds 5 baths ∙ 4,049 Sqft ∙ Built 2019 5 beds 5 baths ∙ 4,049 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $3,240
- $0.80
-
16509 Bidwell Park Prosper, TX 1
- 4 beds 5 baths ∙ 3,778 Sqft ∙ Built 2020 4 beds 5 baths ∙ 3,778 Sqft ∙ Built 2020
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,895
- $0.77
-
16109 Benbrook Boulevard Prosper, TX 2
- 5 beds 4 baths ∙ 3,798 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,798 Sqft ∙ Built 2017
LEASED 07/22/20- Rent
- Rent Per SQFT
- $2,950
- $0.78
-
16105 Madison Square Way Prosper, TX 3
- 5 beds 5 baths ∙ 4,128 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,128 Sqft ∙ Built 2017
LEASED 05/13/20- Rent
- Rent Per SQFT
- $3,200
- $0.78
-
930 Sagebrush Drive Prosper, TX 5
- 4 beds 4 baths ∙ 3,853 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,853 Sqft ∙ Built 2013
LEASED 06/25/20- Rent
- Rent Per SQFT
- $3,250
- $0.84
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14527229
Last Updated: 03/06/2021
