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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $136.36
- 2 Days on Market
- MLS # : 14488821
- Updated Date : 12/19/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,958 sqft
- Baths : 2 full
Listing Agent
All City Real Estate
Listing Agent's Description
Stunning, like new home built by Cheldan Homes in 2019. This home boasts high ceilings, gorgeous designer colors, an open floor plan, and lots of windows which bring in ample natural light. Enjoy the grand entryway with a 12 foot ceiling flanked by a gorgeous formal study with french doors. Perfect and private for at-home office workers. The Master Bath has a walk in shower and garden tub, granite countertops, double sinks, large framed mirror, and spacious walk-in closet. This open-concept floor plan boasts a jaw-dropping kitchen with a large custom granite island, oversized dining nook, and spacious living room with a cozy fireplace. Conveniently located near the lake and downtown FTW for an easy commute!
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: 76020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$985 |
| Property Tax | -$476 | |
| Property Insurance | -$140 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$170
|
||
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.
$267,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$72,755
LOAN DETAILS
$985
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,750 |
| Loan Amount | $200,250 |
8.08
YEARS SAVED
$33,864
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,919
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
213 Marina Drive Azle, TX 4
- 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,870
- $0.96
-
605 Madeline Court Azle, TX 1
- 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2019
LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,595
- $0.93
-
776 Hunter Drive Azle, TX 2
- 4 beds 3 baths ∙ 1,618 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,618 Sqft ∙ Built 2003
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,660
- $1.03
-
120 Bridlewood Street Azle, TX 3
- 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2015
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,850
- $0.98
PROPERTY LISTING DETAILS
All City Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488821
Last Updated: 12/19/2020
