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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $190.11
- 3 Days on Market
- MLS # : 14474852
- Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,419 sqft
- Baths : 4 full
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Incredible 1.5 story home situated on a large lot that backs to a greenspace in sought after Argyle ISD! No detail has been overlooked with all 4 bedrooms down, large study with built-ins, 3 car garage, large laundry room and mud area, resort style pool, spa & more! A wall of windows illuminates the spacious open concept family room and gourmet kitchen with gas range, pot filler, built in refrigerator, & an abundance of custom cabinetry! The secluded and oversized primary suite and en suite is the perfect retreat offering a large walk in shower, soaking tub, dual vanities, & oversized walk-in closet! Your private backyard oasis is complete with an outdoor living space overlooking the sparkling custom pool!
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
Zip Code: 76226
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76226
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,320 |
| EXPENSES | Loan Payment | -$2,398 |
| Property Tax | -$1,380 | |
| Property Insurance | -$225 | |
| HOA | -$83 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$865
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$650,000
PROJECTED PRICE
$3,320
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.6% |
| Maintenance Year (1-5) | 8.00% |
| 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
$178,000
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
0.17
YEARS SAVED
$102
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,320
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$3,396
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
221 Boonesville Bend Argyle, TX 2
- 4 beds 4 baths ∙ 3,419 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,419 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $3,320
- $0.97
-
433 Meandering Creek Drive Argyle, TX 1
- 4 beds 4 baths ∙ 3,342 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,342 Sqft ∙ Built 2005
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $3,200
- $0.96
-
414 Pegasus Ridge Argyle, TX 3
- 4 beds 4 baths ∙ 3,446 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,446 Sqft ∙ Built 2018
![property image]()
LEASED 06/11/19- Rent
- Rent Per SQFT
- $3,500
- $1.02
-
321 Ellison Trace Argyle, TX 4
- 4 beds 4 baths ∙ 3,641 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,641 Sqft ∙ Built 2014
![property image]()
LEASED 10/14/19- Rent
- Rent Per SQFT
- $3,650
- $1.00
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474852
Last Updated: 11/20/2020
