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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $185.09
- 7 Days on Market
- MLS # : 14506003
- Updated Date : 01/26/2021 at 10:36
CONSTRUCTION
- Beds : 3
- Floor Size : 2,071 sqft
- Baths : 2 full
Listing Agent
Alexander Properties
Listing Agent's Description
MLS#14506003 Ready March! You will get plenty of elbow room with the expansive open gathering area which is ideal for relaxing with family or friends. The kitchen and casual dining nook overlook the gathering area and covered patio. As you enter the home, hard surface floors flow throughout the living areas. 2 bedrooms on the front of the home with a shared bath. 3 car tandem garage. Spacious Master Bedroom invites you to relax in comfort. With 3 bedrooms and 2 full bathrooms, the Chambray accommodates family life beautifully. Structural options added to 216 Glenwood Dr include: Gourmet kitchen 2, extended owner's suite, raised ceiling in foyer, gathering room, owner's suite. REPRESENTATIVE PHOTOS ADDED!
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Rocky Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rocky Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,331 |
| Property Tax | -$804 | |
| Property Insurance | -$147 | |
| HOA | -$104 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$705
|
||
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.
$383,322
PROJECTED PRICE
$1,780
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| 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
$103,580
LOAN DETAILS
$1,331
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $95,831 |
| Loan Amount | $287,492 |
-0.17
YEARS SAVED
-$25
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,812
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
216 Glenwood Drive Oak Point, TX 3
- 3 beds 2 baths ∙ 2,071 Sqft ∙ Built 2021 3 beds 2 baths ∙ 2,071 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,780
- $0.86
-
9124 Wellington Drive Little Elm, TX 1
- 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2005
LEASED 12/30/20- Rent
- Rent Per SQFT
- $1,695
- $0.85
-
3433 Fashion Street Little Elm, TX 2
- 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2005
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,750
- $0.93
-
3432 Fashion Street Little Elm, TX 4
- 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 2005
LEASED 08/07/19- Rent
- Rent Per SQFT
- $1,800
- $0.87
-
312 Sheridan Road Oak Point, TX 5
- 3 beds 2 baths ∙ 2,171 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,171 Sqft ∙ Built 2008
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,850
- $0.85
PROPERTY LISTING DETAILS
Alexander Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14506003
Last Updated: 01/26/2021
