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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $107.40
- 7 Days on Market
- MLS # : 14491110
- Updated Date : 12/29/2020 at 14:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,690 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
THIS WONDERFUL VILLAGES OF WOODLAKE HOME IS AWAITING ITS NEW OWNERS! Thoughtfully updated 4 bedroom, 2.1 bathroom home is ready for move-in. Step inside the elegant newly painted front door with gorgeous lead glass and see this great open floor plan. Kitchen offers tons of cabinetry, lots of counter space for preparing food and working in the kitchen as well as an island and stainless steel appliances. New flooring in kitchen, family room and hallway. Whole house has been repainted in a designer color palette. Great fenced in backyard with a patio and plenty of room to watch the kids and pets play. Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.
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
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 | $1,930 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$606 | |
| Property Insurance | -$183 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$55
|
||
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.
$288,900
PROJECTED PRICE
$1,930
PROJECTED RENT
0.67%
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
$82,309
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,225 |
| Loan Amount | $216,675 |
3.5
YEARS SAVED
$10,796
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,950
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
2305 Sumac Court Little Elm, TX 3
- 4 beds 3 baths ∙ 2,690 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,690 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $1,930
- $0.72
-
2309 Chestnut Drive Little Elm, TX 1
- 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2001
![property image]()
LEASED 01/04/20- Rent
- Rent Per SQFT
- $1,800
- $0.69
-
2220 Sumac Drive Little Elm, TX 2
- 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2001
![property image]()
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,800
- $0.69
-
2240 Bradford Pear Drive Little Elm, TX 4
- 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2000
![property image]()
LEASED 08/23/20- Rent
- Rent Per SQFT
- $1,970
- $0.76
-
2329 Basswood Drive Little Elm, TX 5
- 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2001
![property image]()
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,975
- $0.76
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491110
Last Updated: 12/29/2020
