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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $239.16
- 4 Days on Market
- MLS # : 14496000
- Updated Date : 01/07/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,006 sqft
- Baths : 3 full , 1 half
Listing Agent
Britton Homes
Listing Agent's Description
BRITTON HOMES NEW CONSTRUCTION! Welcoming entry with 12-foot ceiling. Media room with French doors off extended entry with 13-foot coffered ceiling. Kitchen opens to family room and adjoining dining area. Family room features a sliding glass door and a corner fireplace. Kitchen offers corner walk-in pantry and generous island with built-in seating space. Primary suite includes bedroom with 15-foot ceiling and wall of windows. Dual vanities, garden tub, separate glass-enclosed shower and two walk-in closets in primary bath. Guest suite. A Jack-and-Jill bath connects to second and third bedroom. Covered backyard patio. Mud room off three-car garage.
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: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,530 |
| EXPENSES | Loan Payment | -$2,497 |
| Property Tax | -$1,405 | |
| Property Insurance | -$201 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,771
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$718,900
PROJECTED PRICE
$2,530
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 3.00% |
| 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
$192,509
LOAN DETAILS
$2,497
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $179,725 |
| Loan Amount | $539,175 |
-0.33
YEARS SAVED
$2,141
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,530
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,563
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2100 Windomere Drive Prosper, TX 2
- 4 beds 4 baths ∙ 3,006 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,006 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,530
- $0.84
-
16720 Lincoln Park Lane Prosper, TX 1
- 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2016
LEASED 04/20/20- Rent
- Rent Per SQFT
- $2,500
- $0.83
-
16617 Amistad Avenue Prosper, TX 3
- 5 beds 4 baths ∙ 3,095 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,095 Sqft ∙ Built 2014
LEASED 10/26/20- Rent
- Rent Per SQFT
- $2,590
- $0.84
-
16612 Central Garden Lane Prosper, TX 4
- 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2017
LEASED 10/20/20- Rent
- Rent Per SQFT
- $2,600
- $0.84
-
16716 Central Garden Lane Prosper, TX 5
- 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2017
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,700
- $0.90
PROPERTY LISTING DETAILS
Britton Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14496000
Last Updated: 01/07/2021
