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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $128.54
- 2 Days on Market
- MLS # : 14519854
- Updated Date : 02/20/2021 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,295 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Updated 4 bedroom home. Recently installed roof. Recently installed wood floors in living spaces and master bedroom. Recent carpet installed in BR's 2,3 & 4. Open concept floor-plan with large living, updated kitchen and wood burning fireplace. Spacious master retreat with dual sinks, garden tub, separate shower and walk in closet. Walk to Medlin MS and Byron Nelson HS. Great investment opportunity. Existing tenant-lease in place until May 31, 2022.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: The Parks of Hillsborough
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Parks of Hillsborough
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$514 | |
| Property Insurance | -$160 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$303
|
||
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.
$295,000
PROJECTED PRICE
$2,100
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.4% |
| 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
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
9.67
YEARS SAVED
$41,207
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,324
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
2104 Collington Drive Roanoke, TX 1
- 4 beds 2 baths ∙ 2,295 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,295 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,100
- $0.92
-
310 Village Trail Court Trophy Club, TX 2
- 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1997
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,175
- $0.96
-
306 Village Trail Trophy Club, TX 3
- 4 beds 2 baths ∙ 2,336 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,336 Sqft ∙ Built 1997
LEASED 11/05/20- Rent
- Rent Per SQFT
- $2,200
- $0.94
-
206 Village Trail Trophy Club, TX 4
- 4 beds 4 baths ∙ 2,121 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,121 Sqft ∙ Built 2001
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,400
- $1.13
-
1406 Marshall Creek Road Roanoke, TX 5
- 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 2011
LEASED 10/06/20- Rent
- Rent Per SQFT
- $2,600
- $1.02
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519854
Last Updated: 02/20/2021
