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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $239.63
- 4 Days on Market
- MLS # : 14510029
- Updated Date : 02/04/2021 at 14:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,629 sqft
- Baths : 3 full , 1 half
Listing Agent
Stellar Real Estate, Llc
Listing Agent's Description
Gorgeous home great for entertaining! Light & bright w chef's kitchen complete w Bertazzoni range, quartz island, & modern cabinets. Spacious master & en-suite w rainfall shower, jetted tub, dual sinks, floating vanity & walk-in closet. Energy Star certified w multi-zone HVAC system. Plenty of storage w walk-in closets in every rm & upgraded overhead grg storage racks. Add'l upgrades include several smart features, dimmable LED lights, low maintenance yard w belgard patio & synthetic turf. Soft close pull-out pantry shelving. Large dual pane windows thru-out. Walk to Trader Joe's & countless shops, restaurants & bars. Minutes from Uptown, Downtown Dallas & White Rock Lake! Home will only be shown for 2 days!
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: Lowest Greenville West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lowest Greenville West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,730 |
| EXPENSES | Loan Payment | -$2,188 |
| Property Tax | -$1,494 | |
| Property Insurance | -$179 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$330
|
||
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.
$630,000
PROJECTED PRICE
$3,730
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.1% |
| 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
$172,700
LOAN DETAILS
$2,188
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $157,500 |
| Loan Amount | $472,500 |
1.58
YEARS SAVED
$6,641
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,730
LIST RENT -
$1.42
LIST RENT PER SQFT
-
$3,851
COMP ESTIMATED VALUE -
$1.46
COMP AVG. RENT PER SQFT
Comps Range
-
2208 Lola Dallas, TX 3
- 3 beds 4 baths ∙ 2,629 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,629 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $3,730
- $1.42
-
5956 Lewis Street Dallas, TX 1
- 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2011
LEASED 11/23/20- Rent
- Rent Per SQFT
- $3,600
- $1.39
-
2204 Lola Court Dallas, TX 2
- 3 beds 4 baths ∙ 2,561 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,561 Sqft ∙ Built 2015
LEASED 12/21/20- Rent
- Rent Per SQFT
- $3,600
- $1.41
-
2319 N Prairie Avenue Dallas, TX 4
- 3 beds 3 baths ∙ 2,697 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,697 Sqft ∙ Built 2018
LEASED 10/13/20- Rent
- Rent Per SQFT
- $4,195
- $1.56
-
5723 Goodwin Avenue Dallas, TX 5
- 3 beds 3 baths ∙ 2,801 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,801 Sqft ∙ Built 2010
LEASED 10/23/20- Rent
- Rent Per SQFT
- $4,200
- $1.50
PROPERTY LISTING DETAILS
Stellar Real Estate, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510029
Last Updated: 02/04/2021
