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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $122.93
- 1 Days on Market
- MLS # : 14497258
- Updated Date : 01/09/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,800 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
SUBSTANTIAL SQUARE FOOTAGE!!~NEW 2 STORY D.R. HORTON HOME in the MASTER PLANNED COMMUNITY OF PECAN SQUARE in NORTHLAKE & NORTHWEST ISD!~The Cambridge 4-2.5-2 Floorplan (Elev K) Est completion Spring 2021*Peninsula Kitchen Design,Breakfast Bar,Granite CT,Gas Range,over sized Island & W-I Pantry opens to spacious Family with FP*Study & Primary Bedroom down with Garden Tub,over sized Shower & lrg W-I Closet*Secondary Bedrooms,full bath,Gameroom up with Overlook to Living below*Designer Pkg,Home is Connected Smart Home Technology,covered back Patio,full Sprinklers & Landscape Pkg*Community Pools,Playgrounds,Clubhouse with co-working space,Fitness Center,Post & Parcel Store,Arena for Live Music,gatherings & more!
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 76247
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76247
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,670 |
| EXPENSES | Loan Payment | -$1,196 |
| Property Tax | -$717 | |
| Property Insurance | -$189 | |
| HOA | -$175 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$294
|
||
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.
$344,215
PROJECTED PRICE
$2,670
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 3.00% |
| 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
$93,217
LOAN DETAILS
$1,196
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,054 |
| Loan Amount | $258,161 |
8.67
YEARS SAVED
$42,968
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,667
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2305 Coyote Way Northlake, TX 5
- 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,670
- $0.95
-
204 Bluebird Way Argyle, TX 1
- 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2016
LEASED 12/07/20- Rent
- Rent Per SQFT
- $2,499
- $0.95
-
304 Gannet Trail Argyle, TX 2
- 4 beds 4 baths ∙ 2,782 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,782 Sqft ∙ Built 2016
LEASED 08/14/19- Rent
- Rent Per SQFT
- $2,600
- $0.93
-
109 Oakmont Drive Northlake, TX 3
- 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2015
LEASED 06/22/20- Rent
- Rent Per SQFT
- $2,600
- $0.93
-
81 Oakmont Drive Argyle, TX 4
- 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2017
LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,650
- $1.00
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14497258
Last Updated: 01/09/2021
