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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $102.54
- 2 Days on Market
- MLS # : 14488706
- Updated Date : 12/19/2020 at 09:25
CONSTRUCTION
- Beds : 3
- Floor Size : 2,048 sqft
- Baths : 2 full
Listing Agent
Jp & Associates Rockwall
Listing Agent's Description
Adorable & Recently Updated Home in Meadow Creek! Immediately greeted w freshly painted walls, new beautiful laminate floors & soaring ceilings! Lrg living area features floor to ceiling brick wood burning FP, new laminate flooring, wall of windows, & ton of natural light! Stunning kitchen open to living area equipped w blk appliances, new tile floor, island, pantry, & breakfast bar. Lrg Master Suite w new carpet, new tile, dual sinks, lrg vanity, & walk in closet. Split bedrooms w new carpet. New tile in utility room & secondary bath. Lrg Additional Living Space w endless options! Great backyard w lrg covered patio, storage building, & plenty of grassy area for play! NEW ROOF December 2020
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Meadow Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadow Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$775 |
| Property Tax | -$481 | |
| Property Insurance | -$146 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$79
|
||
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.
$210,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.75%
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) | 8.00% |
| 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
$61,400
LOAN DETAILS
$775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
6.08
YEARS SAVED
$16,986
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,700
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
2537 Galemeadow Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,580
- $0.77
-
8300 Auburn Drive Fort Worth, TX 1
- 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 1988
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,495
- $0.81
-
7421 Laurelhill Court Fort Worth, TX 2
- 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1995
LEASED 11/03/20- Rent
- Rent Per SQFT
- $1,550
- $0.79
-
2409 Hawkwood Court Fort Worth, TX 4
- 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 2005
LEASED 06/11/20- Rent
- Rent Per SQFT
- $1,650
- $0.81
-
7825 Creekview Lane Fort Worth, TX 5
- 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1990
LEASED 08/25/20- Rent
- Rent Per SQFT
- $1,825
- $0.91
PROPERTY LISTING DETAILS
Jp & Associates Rockwall
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488706
Last Updated: 12/19/2020
