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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $105.86
- 3 Days on Market
- MLS # : 14497505
- Updated Date : 01/22/2021 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,834 sqft
- Baths : 2 full , 1 half
Listing Agent
Jp And Associates Southlake
Listing Agent's Description
Nestled in the quiet, well-kept neighborhood of Hunterpointe, this Three-bedroom Stunner with In-home Office offers an open floorplan with wood floors, Ceramic Tile, and Modern lighting throughout. The Spacious eat-in kitchen offers the finest environment for Creating Meals, and Memories, or indulge in the Formal dining room setting, created for congeniality. Boasting with natural light, The large downstairs master suite presents dual vanity, separate custom shower, Garden Tub, and Huge walk-in closet. The Upstairs provides a split bedroom design with Flex Room, lending ample space for Relaxation. Coupled with a Massive Back Yard, New Roof, and Tesla Solar Panel System, This Home Exceeds your New Home Desires.
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: Hunter Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hunter Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$649 | |
| Property Insurance | -$191 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$105
|
||
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.
$300,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 10.4% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
2.42
YEARS SAVED
$5,730
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$2,161
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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2126 Gate Pointe Way Arlington, TX 2
- 3 beds 3 baths ∙ 2,834 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,834 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,910
- $0.67
-
2827 Ector Drive Grand Prairie, TX 1
- 3 beds 3 baths ∙ 2,712 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,712 Sqft ∙ Built 2004
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LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,795
- $0.66
-
7200 Wind Elm Court Arlington, TX 3
- 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 1999
![property image]()
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,950
- $0.78
-
1708 Triumph Trail Arlington, TX 4
- 4 beds 4 baths ∙ 2,536 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,536 Sqft ∙ Built 2004
![property image]()
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,995
- $0.79
-
6015 Guilia Drive Grand Prairie, TX 5
- 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2001
![property image]()
LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,245
- $0.82
PROPERTY LISTING DETAILS
Jp And Associates Southlake
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14497505
Last Updated: 01/22/2021
