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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $167.53
- 3 Days on Market
- MLS # : 14468866
- Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,328 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
Move in ready 4 bedroom home with modern touches throughout including soft gray and white colors, updated bathrooms, kitchen and much more. Find flowing floorplan with spacious main living area, built in shelving and cabinetry plus gas starter fireplace with mantle and stone detail. Galley kitchen with granite counters, stainless steel appliances and breakfast room with additional cabinetry. Pendant lighting and shiplap ceiling create a memorable space. Master suite is fashioned with sliding barn doors, his and her vanities with separate walk in closets and large shower. Don't miss separate office perfect for those working from home! Recently replaced roof and windows, 8 foot privacy fence, 2 car garage.
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
Neighborhood: University Estates North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: University Estates North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$911 | |
| Property Insurance | -$162 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$370
|
||
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.
$390,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.6% |
| 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
$109,100
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
0.67
YEARS SAVED
$1,195
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,979
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2017 Campbell Parkway Richardson, TX 5
- 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $2,240
- $0.96
-
1909 Campbell Trail Richardson, TX 1
- 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1984
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,895
- $0.80
-
1515 Summertree Court Richardson, TX 2
- 4 beds 2 baths ∙ 2,309 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,309 Sqft ∙ Built 1978
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,995
- $0.86
-
1908 Forestwood Drive Richardson, TX 3
- 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1975
LEASED 12/30/19- Rent
- Rent Per SQFT
- $2,000
- $0.84
-
3422 Heather Hill Drive Garland, TX 4
- 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 1979
LEASED 08/09/20- Rent
- Rent Per SQFT
- $2,150
- $0.90
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14468866
Last Updated: 12/04/2020
