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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $180.12
- 2 Days on Market
- MLS # : 14492363
- Updated Date : 01/02/2021 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,942 sqft
- Baths : 2 full , 1 half
Listing Agent
Team Mccoy Realty, Llc
Listing Agent's Description
An absolute gem! Rarely found golf course home with pool at such a great price. Open, flowing floorplan with generous room sizes in all the right places. Stainless steel appliances, gas cooktop new in 2018. Granite countertops & tons of cabinetry in the kitchen opening to the spacious great room. Gorgeous views. And wait until you see the oversized first floor master suite boasting a huge closet that you simply have to see to believe. Updated master bath. Relax on your covered patio or take in dip in the pool & spa. Impeccably maintained, pristine condition. Two Trane HVAC units in 2015, HWH 2016, new roof 2018, pool heater 2020. Just move in!
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
Neighborhood: Hackberry Creek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hackberry Creek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,750 |
| EXPENSES | Loan Payment | -$1,955 |
| Property Tax | -$1,171 | |
| Property Insurance | -$197 | |
| HOA | -$212 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$884
|
||
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.
$529,900
PROJECTED PRICE
$2,750
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 3.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$146,174
LOAN DETAILS
$1,955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,475 |
| Loan Amount | $397,425 |
0.08
YEARS SAVED
$46
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,750
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,891
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
2033 Primrose Drive Irving, TX 3
- 3 beds 3 baths ∙ 2,942 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,942 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $2,750
- $0.93
-
7712 Heather Ridge Court Irving, TX 1
- 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2000
LEASED 10/13/20- Rent
- Rent Per SQFT
- $2,700
- $0.96
-
2009 Mulberry Way Irving, TX 2
- 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 1994
LEASED 12/11/20- Rent
- Rent Per SQFT
- $2,750
- $0.95
-
2109 Mossy Oak Drive Irving, TX 4
- 4 beds 4 baths ∙ 3,056 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,056 Sqft ∙ Built 1993
LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,950
- $0.97
-
2510 Waterford Drive Irving, TX 5
- 3 beds 3 baths ∙ 3,062 Sqft ∙ Built 1995 3 beds 3 baths ∙ 3,062 Sqft ∙ Built 1995
LEASED 05/28/20- Rent
- Rent Per SQFT
- $3,200
- $1.05
PROPERTY LISTING DETAILS
Team Mccoy Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492363
Last Updated: 01/02/2021
