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 2000
- Price/Sqft : $172.68
- 3 Days on Market
- MLS # : 14510212
- Updated Date : 02/12/2021 at 19:09
CONSTRUCTION
- Beds : 3
- Floor Size : 3,185 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Dfw Associates
Listing Agent's Description
Offers in by Sunday 5 p.m. please. 1.5 story stucco gem w circ drive & pool. Gorgeous finish-out incl crown mldgs, tray ceilings, plantation shutters, sound system wiring & designer lighting. Huge main living w cast stone sealed gas FP + pool views. Island kitchen has 6-burner gas range, ceiling height storage & bfast bar. Sunny bfast rm has built-in coffee bar w storage. Private owner's suite w bay sitting area & pool access. En suite bath has frmls shower w body sprays, XL jet tub & walk-in closet w blt-ins + seasonal storage. 2 secondary bedrooms w en suite baths. Upstairs study-den w wood floors & built-ins. Covered patio, built-in grill & heated pool. 2-car gar + 3rd bay heated-cooled storage room.
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: Hackberry Creek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hackberry Creek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,050 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$1,215 | |
| Property Insurance | -$211 | |
| HOA | -$210 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$596
|
||
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.
$550,000
PROJECTED PRICE
$3,050
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 3.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$151,500
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
0.25
YEARS SAVED
$227
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,050
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$3,081
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
2300 Creekside Circle Irving, TX 3
- 3 beds 4 baths ∙ 3,185 Sqft ∙ Built 2000 3 beds 4 baths ∙ 3,185 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $3,050
- $0.96
-
2413 Pistachio Drive Irving, TX 1
- 4 beds 3 baths ∙ 3,053 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,053 Sqft ∙ Built 1989
LEASED 12/15/19- Rent
- Rent Per SQFT
- $2,700
- $0.88
-
2109 Mossy Oak Drive Irving, TX 2
- 4 beds 4 baths ∙ 3,056 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,056 Sqft ∙ Built 1993
LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,950
- $0.97
-
3026 E Ivy Hill Lane Irving, TX 4
- 4 beds 5 baths ∙ 3,206 Sqft ∙ Built 2015 4 beds 5 baths ∙ 3,206 Sqft ∙ Built 2015
LEASED 08/30/20- Rent
- Rent Per SQFT
- $3,100
- $0.97
-
2510 Waterford Drive Irving, TX 5
- 3 beds 3 baths ∙ 3,062 Sqft ∙ Built 1995 3 beds 3 baths ∙ 3,062 Sqft ∙ Built 1995
LEASED 05/28/20- Rent
- Rent Per SQFT
- $3,200
- $1.05
PROPERTY LISTING DETAILS
Re/max Dfw Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510212
Last Updated: 02/12/2021
