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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $94.26
- 2 Days on Market
- MLS # : 14504432
- Updated Date : 01/23/2021 at 17:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,448 sqft
- Baths : 3 full
Listing Agent
Orchard Brokerage
Listing Agent's Description
Click the Virtual Tour link to view the 3D Matterport walkthrough. Gorgeous two-story home on a spacious interior lot with mature landscaping, a two-car garage, and a covered porch. Open concept with three living rooms including a formal living & dining combo and a massive game room upstairs. A family room with a fireplace is adjacent to the kitchen. Easy maintenance tile in the foyer and kitchen, laminate in common areas. One guest bedroom and bath on the main level. The master suite has a luxurious 5-piece bathroom and a walk-in closet. Guest bedrooms are a generous size with carpet. The private yard offers a covered patio and a fenced pool. A great place to relax and entertain guests. Clean and move-in ready
SEE MORE
- 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)
- 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)
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 | $2,370 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$681 | |
| Property Insurance | -$226 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$202
|
||
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.
$325,000
PROJECTED PRICE
$2,370
PROJECTED RENT
0.73%
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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
7.42
YEARS SAVED
$30,032
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,370
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,396
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
2340 White Oak Drive Little Elm, TX 3
- 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,370
- $0.69
-
2729 Peach Drive Little Elm, TX 1
- 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2001
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,245
- $0.65
-
2348 White Oak Drive Little Elm, TX 2
- 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2002
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,300
- $0.67
-
2748 Sunbeam Drive Little Elm, TX 4
- 5 beds 4 baths ∙ 3,311 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,311 Sqft ∙ Built 2005
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,400
- $0.72
-
2672 Pine Trail Drive Little Elm, TX 5
- 5 beds 3 baths ∙ 3,377 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,377 Sqft ∙ Built 2008
LEASED 10/31/20- Rent
- Rent Per SQFT
- $2,500
- $0.74
PROPERTY LISTING DETAILS
Orchard Brokerage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504432
Last Updated: 01/23/2021
