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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $117.22
- 2 Days on Market
- MLS # : 14485301
- Updated Date : 12/12/2020 at 23:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,686 sqft
- Baths : 2 full , 1 half
Listing Agent
Your Home Free Llc
Listing Agent's Description
No upgrade has been overlooked in this gorgeous 2-story with beautiful brick elevation! Inside you will find 3 bedrooms, 2.5 baths, formal dining area, TONS of living space, upstairs game room, 2-car garage, and enclosed patio! Upgrades and amenities throughout include beautiful laminate flooring throughout main living areas, cozy brick family room fireplace, fresh interior paint, solar screens, new shingles 2016, and MORE! Open kitchen boasts Silestone countertops, an abundance of cabinetry, electric range and spacious nook. Huge master retreat offers his and hers sinks, garden tub with separate shower, and generously-sized walk-in closet. Large backyard with mature trees, covered patio area, and storage shed!
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: The Villages of Woodlake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Villages of Woodlake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,820 |
EXPENSES | Loan Payment | -$1,162 |
Property Tax | -$660 | |
Property Insurance | -$182 | |
HOA | -$32 | |
Property Management Fees | -$99 | |
CASH FLOW
-$315
|
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.
$314,850
PROJECTED PRICE
$1,820
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 8.9% |
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
$89,185
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $78,713 |
Loan Amount | $236,138 |
0.58
YEARS SAVED
$786
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,961
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Your Home Free Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485301
Last Updated: 12/12/2020