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PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $112.77
- 6 Days on Market
- MLS # : 14464192
- Updated Date : 11/03/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,474 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Dallas Suburbs
Listing Agent's Description
Tons to love in this Glenn Heights Beauty. Big mature trees and great curb appeal greet you when you first arrive at this meticulously maintained and improved property. Original owners. This house has a terrific floor plan, with the master bedroom that is fit for royalty. The large and bright open kitchen has an absolutely amazing pantry, tons of storage and is situated for large family gatherings. Upstairs are two very good size bedrooms, a second living room and a gorgeous second floor porch that overlooks the expansive backyard. This house is a one-of-a-kind family home. Come see it and you won't want to leave.
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
Zip Code: 75154
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75154
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,029 |
| Property Tax | -$649 | |
| Property Insurance | -$170 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$3
|
||
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.
$279,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.4% |
| 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
$79,685
LOAN DETAILS
$1,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
4.42
YEARS SAVED
$14,475
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,115
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
221 Pebblebrook Lane Glenn Heights, TX 1
- 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,950
- $0.79
-
521 Magnolia Lane Glenn Heights, TX 2
- 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 2005
![property image]()
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,990
- $0.82
-
624 Roaring Springs Drive Glenn Heights, TX 3
- 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2016
![property image]()
LEASED 04/02/20- Rent
- Rent Per SQFT
- $2,150
- $0.94
-
321 Village Drive Red Oak, TX 4
- 3 beds 3 baths ∙ 2,711 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,711 Sqft ∙ Built 2007
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,225
- $0.82
-
217 Gatehouse Drive Red Oak, TX 5
- 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2008
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,325
- $0.84
PROPERTY LISTING DETAILS
Re/max Dallas Suburbs
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14464192
Last Updated: 11/03/2020
