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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $126.32
- 5 Days on Market
- MLS # : 14488628
- Updated Date : 01/02/2021 at 11:17
CONSTRUCTION
- Beds : 4
- Floor Size : 3,325 sqft
- Baths : 3 full , 1 half
Listing Agent
Orchard Brokerage
Listing Agent's Description
Click the Virtual Tour link to view the 3D Matterport walkthrough. This impressive two-story residence sits on a spacious cul-de-sac lot with a three-car garage and a spacious private yard with a crystal blue pool. Mature landscaping, shutters, and an impressive entryway create great curb appeal. The foyer has a soaring ceiling and abundant natural light that carries throughout the home. Ideal floorplan with separate formal and dining rooms, both with wainscotting and crown molding, and a family room with a fireplace is adjacent to the kitchen and breakfast area. Luxurious master suite with a 5-piece bathroom on the main level. Guest bedrooms are on the upper level with a game room. Clean and move-in ready.
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: The Meadows at Bear Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Meadows at Bear Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,000 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$881 | |
| Property Insurance | -$219 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$231
|
||
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.
$420,000
PROJECTED PRICE
$3,000
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| 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
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
7.33
YEARS SAVED
$44,943
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,000
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$3,009
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
204 Bear Hollow Keller, TX 5
- 4 beds 4 baths ∙ 3,325 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,325 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $3,000
- $0.90
-
1605 Coyote Court Keller, TX 1
- 4 beds 4 baths ∙ 3,123 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,123 Sqft ∙ Built 1996
LEASED 12/05/20- Rent
- Rent Per SQFT
- $2,800
- $0.90
-
322 Longview Drive Keller, TX 2
- 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 1999
LEASED 07/23/19- Rent
- Rent Per SQFT
- $2,995
- $0.93
-
309 Huffman Bluff Keller, TX 3
- 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 2005
LEASED 12/28/20- Rent
- Rent Per SQFT
- $2,995
- $0.87
-
1607 Pleasant Run Keller, TX 4
- 5 beds 4 baths ∙ 3,259 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,259 Sqft ∙ Built 1996
LEASED 12/11/20- Rent
- Rent Per SQFT
- $2,999
- $0.92
PROPERTY LISTING DETAILS
Orchard Brokerage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488628
Last Updated: 01/02/2021
