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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $114.70
- 2 Days on Market
- MLS # : 14480406
- Updated Date : 12/05/2020 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,136 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Landmark
Listing Agent's Description
You will love this spacious 4 bed, 2.1 bath home! The covered front porch adds a welcoming touch to this charming home. The open plan living area is perfect for entertaining and brings a sense of space & comfort to this home, complete with a cozy fireplace perfect for roasting marshmallows. The chef in your house will love the spacious kitchen boasting granite counters, tons of cabinet space and large island. Master suite features massive walk-in closet, dual vanities & garden tub. With walk-in closets everywhere, added storm room which is also great for storage, and water purification system. The possibilities are endless in the spacious backyard with room for pool or play set. Don’t let this one get away!
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Heartland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heartland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$683 | |
| Property Insurance | -$151 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$20
|
||
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.
$245,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
3.58
YEARS SAVED
$9,571
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,848
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
2118 Danibelle Drive Forney, TX 2
- 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,850
- $0.87
-
2009 Robincreek Cove Heartland, TX 1
- 4 beds 2 baths ∙ 2,115 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,115 Sqft ∙ Built 2006
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,835
- $0.87
-
3015 Cassinia Parkway Heartland, TX 3
- 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2017
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,925
- $0.89
-
3118 Buckthorn Street Heartland, TX 4
- 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2016
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,950
- $0.85
-
4006 Rolling Rock Road Heartland, TX 5
- 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2006
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,950
- $0.85
PROPERTY LISTING DETAILS
Re/max Landmark
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480406
Last Updated: 12/05/2020
