Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $171.66
- 2 Days on Market
- MLS # : 14515704
- Updated Date : 02/20/2021 at 09:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,602 sqft
- Baths : 2 full
Listing Agent
Raymond Leon & Associates, Llc
Listing Agent's Description
MUST View YouTube Video, Virtual Tour & Photos. Upgraded DRHorton on PremiumLot completed Oct,2020! FANTASTIC Starter Home, to Downsize, or Rental. Open FloorPlan w-Neutral Granite, Kohler SubwayTile in Herringbone Pattern, WhiteCabinets, & Whirlpool SS Appls (including GasRange) in Kitchen. Split Bedrooms feature SPACIOUS Primary Suite w-DualSinks, Shower w-BenchSpace, Private WaterCloset, & LARGE Walk-In Closet. Features include: Luxury Vinyl Plank Floors, Blinds Throughout, Tankless WaterHeater, Radiant Barrier, Low-E DualPane Windows, 16SEER Puron HVAC, Ring Cameras, Ext Wood Front Shutters, Landscape Lighting, EpoxyFloored Garage, WiFi LiftMaster Garage Door Opener, More. Community Park, Playground & Pool.
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: 76227
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76227
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$588 | |
| Property Insurance | -$120 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$43
|
||
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.
$275,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| 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
$74,875
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.17
YEARS SAVED
$14,889
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,682
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
2376 Evening Stone Drive Little Elm, TX 4
- 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,840
- $1.15
-
1145 Copal Drive Cross Roads, TX 1
- 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2019
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,600
- $1.04
-
2320 Rosaline Little Elm, TX 2
- 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2019
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
-
1400 Acmite Avenue Cross Roads, TX 3
- 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 2019
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,680
- $1.00
-
1135 Copal Drive Cross Roads, TX 5
- 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2019
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,895
- $1.12
PROPERTY LISTING DETAILS
Raymond Leon & Associates, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14515704
Last Updated: 02/20/2021
