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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $161.79
- 2 Days on Market
- MLS # : 14519837
- Updated Date : 02/20/2021 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,035 sqft
- Baths : 2 full
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
SELLING NOW!!~STUNNING NEW D.R. HORTON HOME in the MASTER PLANNED COMMUNITY OF PECAN SQUARE in NORTHLAKE & NORTHWEST ISD!~Single Story Avery open Floorplan with Study & Mud Room*(Elev I)*Est completion Late Spring*Modern Kitchen Design with abundant cabinetry,Granite CT,Gas Range,lrg Island & Desk Nook*Spacious Living with corner FP & lrg Primary Bedroom with Garden Tub,over sized Shower & huge W-I Closet*Designer pkg including Tiled Entry,Hallways & Wet areas*Home is Connected Smart Home Technology,cvd back Patio,Full Sprinkler System,Landscape Pkg & more*Community offers pools,Playgrounds,Clubhouse with co-working space,state-of-the-art Fitness Center,Post & Parcel Store,Arena for Live Music,gatherings & more
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
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 | $2,330 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$686 | |
| Property Insurance | -$145 | |
| HOA | -$175 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$81
|
||
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.
$329,250
PROJECTED PRICE
$2,330
PROJECTED RENT
0.71%
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
$89,251
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,313 |
| Loan Amount | $246,938 |
5.33
YEARS SAVED
$19,003
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,330
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$2,330
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
2341 Coyote Way Northlake, TX 2
- 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2021 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,330
- $1.14
-
517 Gannet Trail Northlake, TX 1
- 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2017
LEASED 01/11/21- Rent
- Rent Per SQFT
- $2,195
- $1.17
-
1716 Sparrow Street Northlake, TX 3
- 3 beds 2 baths ∙ 2,171 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,171 Sqft ∙ Built 2016
LEASED 08/13/20- Rent
- Rent Per SQFT
- $2,400
- $1.11
-
1820 Lark Lane Argyle, TX 4
- 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 2017
LEASED 09/10/20- Rent
- Rent Per SQFT
- $2,500
- $1.14
-
2524 Little Wonders Lane Northlake, TX 5
- 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 2020
LEASED 12/03/20- Rent
- Rent Per SQFT
- $2,550
- $1.16
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519837
Last Updated: 02/20/2021
