Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $180.40
- 3 Days on Market
- MLS # : 14472745
- Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,245 sqft
- Baths : 2 full , 1 half
Listing Agent
It's Closing Time Realty
Listing Agent's Description
CAN YOU SAY CUSTOM!! This Amazing home has it all, from the entry way to the landscaping, and the new fence on both sides of the property. The open concept catches your eyes when you walk through the front door, The upgraded lighting package shows off the quartz counter tops and modern kitchen with a huge pantry, the trim work and beams in the living area is something to see. The master connects to the laundry for easy assess with his and her sinks, large shower and a garden tub, the master closet is oversized as well. This home is located in nice area with easy access to springtown and hwy 199 come see it for yourself...
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: 76082
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76082
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$842 | |
| Property Insurance | -$157 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$122
|
||
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.
$405,000
PROJECTED PRICE
$2,470
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 6.6% |
| 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
$109,325
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
3.08
YEARS SAVED
$12,323
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,425
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
2235 J E Woody Road Springtown, TX 1
- 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,470
- $1.10
-
2048 Dash Lane Springtown, TX 2
- 3 beds 2 baths ∙ 2,315 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,315 Sqft ∙ Built 2018
LEASED 10/11/20- Rent
- Rent Per SQFT
- $2,495
- $1.08
PROPERTY LISTING DETAILS
It's Closing Time Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472745
Last Updated: 11/20/2020
