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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $144.49
- 5 Days on Market
- MLS # : 14478112
- Updated Date : 12/02/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,832 sqft
- Baths : 2 full
Listing Agent
The Michael Group Real Estate
Listing Agent's Description
Great Location in a wonderland neighborhood, with parks and green spaces.....Beautiful home with 3-2-2 Wonderful huge living with wood burning fireplace, and great wall of windows to view back with pool....Formal Dinning with wonderful natural light....Cozy kitchen with large nook over looking back yard....Home has a perfect layout with split bedroom arrangement...Master Bedroom is spacious with wall of windows, updated bathroom with new Tiled shower. Huge back yard with massive pool for great summer time fun, concrete pad for a hot tub or shed. Take this house home for Christmas!!!
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Highland Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$977 |
| Property Tax | -$573 | |
| Property Insurance | -$133 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$102
|
||
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.
$264,700
PROJECTED PRICE
$1,680
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.1% |
| 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
$75,896
LOAN DETAILS
$977
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,175 |
| Loan Amount | $198,525 |
2.67
YEARS SAVED
$6,910
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,736
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
231 Jennifer Lane Arlington, TX 4
- 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,680
- $0.92
-
6206 Patriotic Court Arlington, TX 1
- 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1985
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,550
- $0.92
-
425 Betsy Ross Drive Arlington, TX 2
- 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1984
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,560
- $0.93
-
217 Faircrest Drive Arlington, TX 3
- 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1993
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,595
- $0.93
-
6518 Country Creek Drive Arlington, TX 5
- 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1986
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,695
- $1.01
PROPERTY LISTING DETAILS
The Michael Group Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478112
Last Updated: 12/02/2020
