Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
INVESTimate
$184,000
List Price
$54,510
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $151.44
- 2 Days on Market
- MLS # : 14420290
- Updated Date : 08/25/2020 at 11:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,215 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Hurry before this one is GONE! This one owner home has been very well maintained and has recently had a complete makeover. 2020 updates include roof, SS appliances, butcher block counters, faux wood blinds, paint throughout entire home (walls, trim, cabinets). Other updates in recent years include, HVAC, wood laminate flooring, ring doorbell system, light fixtures, covered deck, open deck, 12x16 workshop with electricity & window unit, additional 7x7 storage shed, hot tub, and pool. Foundation repairs completed Aug 2020, transferable warranty for buyer.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 75407
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75407
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,290 |
EXPENSES | Loan Payment | -$679 |
Property Tax | -$383 | |
Property Insurance | -$97 | |
Property Management Fees | -$99 | |
CASH FLOW
$31
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$184,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 8.36% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.39% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,510
LOAN DETAILS
$679
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $46,000 |
Loan Amount | $138,000 |
5.5
YEARS SAVED
$12,893
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,309
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420290
Last Updated: 08/25/2020