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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $127.21
- 2 Days on Market
- MLS # : 14479221
- Updated Date : 12/19/2020 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,808 sqft
- Baths : 2 full
Listing Agent
Mike Mazyck Realty
Listing Agent's Description
Lovely three bedroom home in a wonderful neighborhood. The spacious living area opens to the dining area and island kitchen with breakfast bar, granite counters, tile backsplash, and stainless appliances. Master suite features master bath with separate vanities and a large shower. Great backyard has a covered patio and wood privacy fence.
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: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$642 | |
| Property Insurance | -$132 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$98
|
||
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.
$230,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.8% |
| 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
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
2.17
YEARS SAVED
$4,122
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,677
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
2004 Brenham Drive Heartland, TX 5
- 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,660
- $0.92
-
4000 Freedom Street Heartland, TX 1
- 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2008
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,595
- $0.85
-
2036 Times Road Heartland, TX 2
- 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,599
- $0.98
-
4016 Red Rock Drive Heartland, TX 3
- 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,650
- $0.88
-
2009 Kings Forest Drive Heartland, TX 4
- 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2007
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
PROPERTY LISTING DETAILS
Mike Mazyck Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479221
Last Updated: 12/19/2020
