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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $152.96
- 6 Days on Market
- MLS # : 14480328
- Updated Date : 12/22/2020 at 14:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,876 sqft
- Baths : 3 full
Listing Agent
Re/max Dfw Associates
Listing Agent's Description
Classic 4 bed, 3 bath home with wonderful updates. Fresh paint, remodeled kitchen & baths, designer lighting, Nest thermostat + more. All wood & tile flooring... no carpet! Soaring foyer w wood floors & wood staircase. Large formal dining connects to kitchen. Great room w FP is open to updated granite kitchen w SS appliances & dbl ovens. Sunny bfast room has built-ins & glass-front cabinets. Main level bedroom w WIC + adj full bath. Game room, updated hall bath + 2 secondary bedrooms w WICs up. Vaulted owner's retreat features wood floors & 2 WIC. 2020 en suite bath remodel incl tile, quartz vanity, shower, lighting & fixtures. Pretty flagstone patio + large fenced & sprinklered yard. Great location near park.
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 Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hackberry Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,790 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$972 | |
| Property Insurance | -$193 | |
| HOA | -$259 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$356
|
||
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.
$439,900
PROJECTED PRICE
$2,790
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 3.0% |
| 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
$122,324
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,975 |
| Loan Amount | $329,925 |
0.83
YEARS SAVED
$2,008
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,790
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,826
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
2319 Southern Oak Drive Irving, TX 3
- 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,790
- $0.97
-
7712 Heather Ridge Court Irving, TX 1
- 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2000
LEASED 10/13/20- Rent
- Rent Per SQFT
- $2,700
- $0.96
-
2009 Mulberry Way Irving, TX 2
- 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 1994
LEASED 12/11/20- Rent
- Rent Per SQFT
- $2,750
- $0.95
-
2109 Mossy Oak Drive Irving, TX 4
- 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
-
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 #: 14480328
Last Updated: 12/22/2020
