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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $186.00
- 3 Days on Market
- MLS # : 14514486
- Updated Date : 02/12/2021 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,500 sqft
- Baths : 3 full , 1 half
Listing Agent
Dave Perry Miller Real Estate
Listing Agent's Description
Beautiful 2021 Built Contemporary SF -Attached with two masters, large covered and uncovered balconies with a view to Downtown Dallas. Welcoming entry with elegant hallway leads to the open Kit, DR, LR area with fireplace. A grass filled fenced backyard greets you from a spacious covered 15x7 patio. Experience the bright 2nd floor MBR with it's own covered balcony, fireplace & elegant ensuite bath with separate shower & garden tub. This floor also features a 2nd MBR with its own 8x6 private balcony & bath. Ascend to the third floor featuring a spacious 16x12 BR & perfect for entertaining 12x10 balcony that faces Downtown Dallas. Close to Bishop Arts, Downtown, Sylvan 30 and Trinity Groves. 2417 also available.
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: Muncie
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Muncie
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$1,615 |
| Property Tax | -$1,103 | |
| Property Insurance | -$172 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$448
|
||
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.
$465,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 12.3% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$125,225
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
0.42
YEARS SAVED
$559
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$3,525
COMP ESTIMATED VALUE -
$1.41
COMP AVG. RENT PER SQFT
Comps Range
-
2415 N Winnetka Avenue Dallas, TX 1
- 3 beds 4 baths ∙ 2,500 Sqft ∙ Built 2021 3 beds 4 baths ∙ 2,500 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,540
- $1.02
-
4019 Puget Street Dallas, TX 2
- 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2020
LEASED 01/11/21- Rent
- Rent Per SQFT
- $2,975
- $1.19
-
647 Aspen Valley Lane Dallas, TX 3
- 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2018
LEASED 04/29/20- Rent
- Rent Per SQFT
- $3,195
- $1.34
-
2021 Dennison Street Dallas, TX 4
- 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2020
LEASED 07/30/20- Rent
- Rent Per SQFT
- $3,500
- $1.56
-
1880 Stevens Bluff Lane Dallas, TX 5
- 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016
LEASED 08/27/20- Rent
- Rent Per SQFT
- $3,500
- $1.55
PROPERTY LISTING DETAILS
Dave Perry Miller Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514486
Last Updated: 02/12/2021
