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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $185.82
- 3 Days on Market
- MLS # : 14483879
- Updated Date : 12/11/2020 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,883 sqft
- Baths : 2 full
Listing Agent
Repeat Realty, Llc
Listing Agent's Description
Everything in this home has been done for you! Completely updated and ready for you to make it yours! This home sits on almost half an acre. Outside you will find your own private oasis! A beautifully landscaped backyard, large patio with a heated pool complete with a turbo twister slide! Inside you will find four split bedrooms and tile through out the entire home. Master bedroom over looks the back yard and pool with access to backyard from bedroom. New energy efficient windows throughout, new light fixtures and fresh paint, quartz countertops, energy star appliances. As you drive up you will notice the extra long drive way, complete with an oversized garage. This is a must see!
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: Lakewood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakewood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$640 | |
| Property Insurance | -$136 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$246
|
||
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.
$349,900
PROJECTED PRICE
$1,920
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.7% |
| 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
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
1.58
YEARS SAVED
$4,032
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,958
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
253 Oak Street Highland Village, TX 4
- 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,883 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,920
- $1.02
-
108 Woodland Drive Highland Village, TX 1
- 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1974
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,900
- $1.05
-
102 Highland Lake Drive Highland Village, TX 2
- 3 beds 2 baths ∙ 2,049 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,049 Sqft ∙ Built 1975
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,900
- $0.93
-
1529 Steamboat Trail Lewisville, TX 3
- 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2002
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,900
- $1.12
-
248 Greensprings Street Highland Village, TX 5
- 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1983
LEASED 10/15/19- Rent
- Rent Per SQFT
- $1,950
- $1.06
PROPERTY LISTING DETAILS
Repeat Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483879
Last Updated: 12/11/2020
