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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $150.51
- 6 Days on Market
- MLS # : 14476444
- Updated Date : 11/23/2020 at 17:41
CONSTRUCTION
- Beds : 5
- Floor Size : 4,299 sqft
- Baths : 4 full , 1 half
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14476444 - Built by CastleRock Communities - December completion! ~ Our Largest Floorplan Corner Lot ! Our largest floorplan with open concept kitchen that includes 54 cabinets combined with a spacious breakfast area and 2-story family room with gas fireplace. The Laguna III has a beautiful 1st floor Guest Room with private bath, a lovely formal dining with Butler's Pantry and a large covered patio. The Master Suite has bay windows, a HUGE bedroom and bathroom including a walk-in shower as well as separate closets. The sweeping staircase leads to a 2nd floor study, 2 bedrooms with private baths, game room, media room and 34' covered balcony. Tons of upgrades...Gorgeous !
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
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,160 |
| EXPENSES | Loan Payment | -$2,387 |
| Property Tax | -$1,158 | |
| Property Insurance | -$276 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$821
|
||
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.
$647,023
PROJECTED PRICE
$3,160
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.8% |
| 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
$173,461
LOAN DETAILS
$2,387
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $161,756 |
| Loan Amount | $485,267 |
0.25
YEARS SAVED
$259
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,160
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$3,052
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
2348 Ambassador Court Heath, TX 2
- 5 beds 5 baths ∙ 4,299 Sqft ∙ Built 2020 5 beds 5 baths ∙ 4,299 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $3,160
- $0.74
-
201 Stanford Court Heath, TX 1
- 4 beds 4 baths ∙ 3,990 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,990 Sqft ∙ Built 2001
![property image]()
LEASED 06/07/19- Rent
- Rent Per SQFT
- $2,850
- $0.71
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476444
Last Updated: 11/23/2020
